Hedging měnového rizika společnosti v hutnickém průmyslu

Abstract

Traders in foreign markets are influenced by currency risk. The main aim of this Diploma thesis is hedging of currency risk and assess resulting effects of selected hedging methods by certain criteria. Diploma thesis is divided into three main parts. Theoretical definition of risk, hedging, characteristics of derivatives and methods of their valuation includes the chapter one. The second one is focused on Podbrezová a.s. company introduction. The last chapter is a practical part of the diploma thesis where the selected hedging strategies were applied. Effects resulting from these strategies were evaluated and compared with each other based on selected criteria.