Focus First on FX Fundamentals

Foreign exchange risk management is referred to as a topic that’s “an inch wide and a mile deep.” This phrase means that one can easily cover the surface of the topic, but once you delve deeper there is a plethora of nuances and subtleties multinational corporations need to know to succeed.

The concept of “meta-learning” relates to an awareness and understanding of “how” you are learning not just “what” you are learning. In order for companies to solve more complex FX risk management issues, it is essential to look at “how” you are learning the fundamentals of FX risk management first.

For example, many companies struggle with accounting for currency derivatives. However, before a firm can truly grasp derivative accounting, it is essential to first build a foundation of knowledge on how to account for underlying foreign exchange exposures. Taking a step back can lead to a leap forward.

FX Initiative’s Currency Risk Management Training provides an incremental approach on both “how” and “what” to learn as it relates to foreign exchange exchange risk management. Whether you are brand new to FX or have prior experience, the training program can start where you currently are.

Our series of 6 training modules begins by focusing on the fundamentals of the Foreign Exchange Market and concludes with more advanced topics on Hedging FX Transactions & Foreign Subsidiaries. In between, we cover FX Risk Exposures, Risk Management, and Spot & Derivatives. This framework is designed to help the learner jump right into the curriculum at any point to elicit the most critical knowledge for their personal development. The key is that the learner has an awareness of where they are on the learning curve, and that is where the "how" of meta-learning comes into the equation.

FX Initiative's currency risk management training includes the following 6 video modules:

1. Foreign Exchange (FX) Market Overview
2. FX Risk Exposures
3. FX Risk Management
4. FX Spot & Derivatives
5. Hedging FX Transactions
6. Hedging Foreign Subsidiaries

You can watch the free introductions for each program to get an idea of the learning objectives covered, and then begin with the video you want to learn more about. For example, if you already know how to read currency quotations in the newspaper and how supply and demand impacts FX forecasting, then you may be ready to start learning where to look for FX Risk Exposures or how to create a FX Risk Management Policy. Investing the time up-front in learning foreign exchange fundamentals can help you solve more complex issues later on.

If you are ready to enahce your learning experience, become a FX Initiative subscriber today and access our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Managing FX risk has become a higher priority for many firms recently, and it is now easier than ever to learn the fundamentals of currency risk management. Take the FX Initiative for your international business today!

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Cheers,

The FX Initiative Team
support@fxinitiative.com