Foreign Exchange Markets Essentials
Develop expertise in foreign exchange market mechanics, including market structure, standard trading practices, and essential currency trading calculations.
Develop expertise in foreign exchange market mechanics, including market structure, standard trading practices, and essential currency trading calculations.
Dive into the world of foreign exchange (FX) with this comprehensive introductory course from the New York Institute of Finance. Over two weeks, you'll explore the structure and trading conventions of FX markets for both spot and forward transactions. Learn to calculate cross rates between countries and forward exchange rates based on interest rate differentials. Understand how to use FX forwards for hedging currency risks. This course is ideal for finance professionals, students, and anyone looking to grasp the fundamentals of international finance and currency markets.
Instructors:
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What you'll learn
Understand the structure and trading conventions of FX markets
Differentiate between spot and forward transactions in foreign exchange
Calculate cross rates between different currencies
Determine forward exchange rates using interest rate information
Apply FX forwards for hedging currency risks in practical scenarios
Analyze the characteristics of foreign exchange markets
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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There are 5 modules in this course
This course provides a comprehensive introduction to foreign exchange (FX) markets, covering both spot and forward transactions. Students will learn about the structure and trading conventions of FX markets, including the characteristics that make them unique. The curriculum covers essential calculations such as cross rates between different currencies and forward exchange rates based on interest rate differentials. Participants will gain practical skills in using FX forwards for hedging currency risks, a crucial aspect of international finance and risk management. The course also touches on emerging topics like virtual currencies, providing a well-rounded view of the current FX landscape. By the end of the course, students will have a solid foundation in FX concepts and calculations, preparing them for further study or application in financial roles.
Foreign Exchange Rates Overview
Module 1 · 2 Hours to complete
Characteristics of FX Markets
Module 2 · 2 Hours to complete
Foreign Exchange: Exposure and Cross-Rates
Module 3 · 2 Hours to complete
Spot Markets
Module 4 · 2 Hours to complete
Virtual Currency
Module 5 · 2 Hours to complete
Fee Structure
Instructor
20 Courses
NYIF Instructor Specializing in Portfolio Risk Management and Derivatives
Jack Farmer is an instructor at the New York Institute of Finance (NYIF), where he specializes in training and consulting solutions for portfolio risk management, foreign exchange (FX) and interest rate derivatives, equity index and volatility trading, as well as financial statement analysis and hedge accounting. He holds a BS in Engineering and an MBA in Finance and Accounting from Tulane University, and is currently pursuing a PhD in Finance from the University of Texas at Austin. Jack's extensive expertise enables him to effectively educate students on complex financial concepts and risk management strategies.
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Frequently asked questions
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