Hands On Training

Introduction to Foreign Exchange (FX)

edX

Course Features

Duration

2 weeks

Delivery Method

Online

Available on

Lifetime Access

Accessibility

Desktop, Laptop

Language

English

Subtitles

English

Level

Beginner

Effort

2 hours per week

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

International Faculty

Post Course Interactions

Instructor-Moderated Discussions

Skills You Will Gain

Prerequisites/Requirements

Basic MS Excel Skills

Capital Markets and Key Participants

Introduction to Money Markets

What You Will Learn

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

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

Course Content

Expand all sections

Module 1: Foreign Exchange Rates Overview

Module 2: Characteristics of FX Markets

Module 3: Foreign Exchange, Exposure and Cross-Rates

Module 4: Spot Markets

Course Instructors

Jack Farmer

Instructor

Jack specializes in training and consulting solutions for portfolio risk management, FX and interest rate derivatives and trading, equity index and volatility trading, equity derivatives and structur...