Finance in practice: Currency risk & transactions

Financial markets: master effective currency risk management using FX spot, swaps, and forwards

What you'll learn
- A solid understanding of the potential sources of currency risk, and basic practical skills of how to manage FX risk.
- Gain practical skills to hedge short & long foreign exchange positions from import and export transactions, as well as from investment and funding activities.
- Confidently read, interpret, and communicate FX quotes, understand settlement rules, and navigate the conventions that underpin the global currency market.
- Understand FX swaps: structure, calculation of swap points, derive FX forward rates, use swaps to bridge timing gaps between settlement dates.
- Know the fundamentals of the foreign exchange market, including its organization, key participants, products, and trading motivations
- Learn about FX swap variations, such as cross-currency interest rate swaps and basis swaps.
- ISO currency codes
- Learn currency market conventions
- The calculation of FX forward (future) exchange rates
- Cross currency interest rate swaps (CCIRS)
- Understand settlement rules
- Base and quoted currencies

Requirements
- This beginner-friendly course will guide you step by step through the global currency market.
- You don’t need previous experience or knowledge.

Description
Welcome to Finance in practice: Currency risk & transactions

Did you know that theforeign exchange marketis thelargest financial market in the world? Operating 24 hours a day on business days, the Forex market is a truly global and dynamic environment whereprofessional financial institutionsdominate trading activity.

Exchange rates are constantly changing, and sometimes those fluctuations can be extreme. For businesses operating internationally, these shifts can quickly lead to significant financial losses. That’s why understanding how tomeasureandmanagecurrency risk exposure is essential, not just to protect profits, but to enable smarter global decision-making.

Master Currency Risk Management in Global Business

Whether you’re making international payments, funding cross-border operations, or managing global cash flows, this course gives you the skills to understand, measure, and mitigate FX risk effectively.

What You’ll Learn

By the end of the course, you’ll have the confidence and clarity tonavigate global currency markets and manage FX risk like a professional.

Understand the standards, conventions, and terminology used in global currency trading.

Explore howFX spot, forward, and swap transactionsfacilitate trade, investment, and effectivecurrency risk management.

Gainhands-on insights and practical toolsyou can apply immediately in your organization.

Who This Course Is For

Finance Directors, Treasurers, and Cash Managers looking to safeguard profits against currency fluctuations.

Professionals in international trade, imports, exports, or cross-border investments, who want to understand how exchange rates impact their business.

IT and ERP specialists in banks, corporates, or financial institutions seeking to strengthen their grasp of treasury and FX processes.

Accountants and Financial Controllers eager to accurately interpret, value, and record foreign exchange transactions.

Anyone curious about global finance or aiming to advance a career in international financial management.

Curious to learn more?View the free accessible parts to learn more about the course roadmap and topic basket of this course.

Course roadmap and topic outline per section:

Section: A general Introduction to Financial Markets

Key topics: Financial markets overview, trade motivation and organization, products and pricing

Your learning: Get an overview of the financial markets

Section: Getting Started with the Currency Market

Key topics: currency market organization, key participants, products, and trading motivations.

Your first step in the forex market

Section: FX market standards and conventions

Key topics: settlement timelines, ISO currency codes, FX rate quotations, spreads, and cross rates.

Your learning: confidently read, interpret, and communicate FX quotes, understand settlement rules, and navigate the conventions that underpin the global currency market.

Section: An Introduction to Currency risk & Hedging

Key topics: the main sources of currency risk exposure; a practical example hedging.

Your learning: understanding of currency risk sources and determination factors; introduction to mitigate FX risk.

Section: FX Swaps & Forwards

Key topics: currency derivatives - FX swaps and forwards

Your learning: understand and use FX swaps (structure); swap points calculation: derive FX forward rates: other FX swap variations (cross-currency interest rate swaps, basis swaps.

Section: Currency Risk Management

Key topics: the practice of managing FX risk on foreign-currency payables and receivables;

Your learning: Practical hedging techniques for protecting against exchange rate fluctuations

OUR OTHER UDEMY AVAILABLE COURSES

If you work for a bank or other financial institution and want to boost your career:Udemy eLearning works!

Since 2005 we design education programs for professionals who do not have a background in finance.

More than 40.000 have already participated in our low cost programs:

Understand Banks & Financial Markets (more than 36.000 participants)

Understand Money Market Securities and Repos

Understand financial risks from banking (new)

Understand Money Market Securities and Repos

An Introduction to Financial Money and Capital Markets

If you have any questions or would like more information about our eLearning or classroom programs, please feel free to contact me.

Who this course is for:
- This Ideal for professionals engaged in currency risk from international business, including imports and exports, cross-border investments, and global funding activities.beginner-friendly course will guide you step by step through how the global currency market.
- Designed for IT professionals working in banks, financial institutions, treasury departments, or with ERP systems who want to deepen their understanding of financial processes and products.u don’t need previous experience or knowledge.
- Whether you’re curious about global finance or aiming to advance your career in the financial industry, this course offers practical, actionable knowledge you can apply with confidence.
- Designed for accountants and financial controllers seeking to strengthen their ability to interpret, value, and record FX transactions accurately and confidently.
More Info