Řízení devizového rizika

Abstract

The aim of the thesis is to find out the size of the currency exposure of the selected export company, to analyse and compare different management strategies of the currency exposure and risk and choose the most appropriate one from them to hedge against the foreign exchange risk in the company that is export oriented. In the theoretical part of the thesis, it is described the characteristics of the foreign exchange rate and the factors that influence the direction of the currency rate in the short run and the long run. In this part, it is also explained the concepts of the currency exposure and the foreign exchange risk and defined basic internal and external methods to eliminate the currency risk. In the application part it is created the application of the theoretical knowledge on the example of the selected export company. To the selected company were suggested the hedging strategies of the currency risk that have not been used in the company yet. In the conclusion the particular hedging strategies are compared and based on that the most appropriate option for hedging of the currency risk was recommended.