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Understanding Foreign Exchange

BPP Professional Education


£738 inc VAT
Study method
6 CPD points / hours

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Location & dates

Venue may change up to 14-days before the course start date’
9-10 Portland Place
West London


Venue may change up to 14-days before the course start date. Enquire for dates.


Course Content

This one-day course covers all the basic concepts and products used in the foreign exchange markets. The major uses of foreign exchange by both banks and corporations are examined with ample opportunity given to apply the concepts, as the presenter will run a number of exercises throughout the day.

Attending the course will enable you to:

  • Understand conventions and ‘jargon’ used in the spot FX market.
  • Master the pricing of forwards and evaluate alternative hedging choices for major currency pairs.
  • Be conversant with the economic drivers of currency markets.
  • Appreciate how option products can be used as part of either a hedging or speculating strategy.
    Learning outcomes include obtaining a greater understanding of:
    • Background
      • The development of the FX market
      • Market participants and volumes
    • The Spot Market
      • How rates are quoted
      • Market terminology and conventions
      • Bid/offer spreads and making versus taking prices
      • Calculating cross rates from spot rates
      • Settlement in the FX market
      • Economics and the FX market
      • Impact of inflation, GDP and other indicators
    • Forward Rate Derivation
      • Interest rate differentials
    • Forward Rates Application
      • “Vanilla” hedging of future payables and receivables – outright forwards
      • Non-Deliverable Forwards (NDFs)
      • FX futures. Exchange traded derivatives
    • Currency Options
      • Option terminology and principles
      • Hedging and speculation with options
      • Pay-off profiles
      • Options premium
      • Strategy overview

Venue may change up to 14-days before the course start date. Enquire for dates.

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