Finance
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Introduction to Foreign Exchange (FX)

Course Cover

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edX
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Course Features

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Duration

2 weeks

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Delivery Method

Online

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Available on

Lifetime Access

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Accessibility

Desktop, Laptop

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Language

English

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Subtitles

English

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Level

Beginner

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Effort

2 hours per week

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Teaching Type

Self Paced

Course Description

This course explains the structure and trading rules of foreign exchange markets (FX) for spot (immediate delivery), and forward (future delivery).

Learn about the characteristics and methods of calculating FX rates.

This course will illustrate, using examples, the non-arbitrage calculation and use of forward rates and cross rates for hedging FX exposures.

Course Overview

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International Faculty

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Post Course Interactions

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Instructor-Moderated Discussions

Skills You Will Gain

Prerequisites/Requirements

Capital Markets and Key Participants

Introduction to Money Markets

Basic MS Excel Skills

What You Will Learn

Calculate cross rates between two countries

Calculate forward exchange rates based on the level of interest rates in each country

Understand the use of FX forwards for hedging currency risks

Identify the trading conventions used by FX markets for both spot (immediate delivery) and forward (future delivery) transactions

Course Cover