Hedging měnového rizika vybrané společnosti

Abstract

Traders in foreign markets are influenced by currency risk. Currency risk results from business transactions between business partners with different domestic currencies. The goal of this diploma thesis is hedging of currency risk in a selected company and assess resulting effects of selected hedging methods by certain criteria and consideration. Hedging is carried out because of hedging risk position by changing the CZK/EUR. The theoretical part of diploma thesis consists of two chapters which mainly describe hedging methods, simulation of random development of financial asset prices, financial derivatives and their valuation. In the practical part of diploma thesis is solved the problem of hedging on the selected company, Moravia Steel a.s. using selected hedging strategies. In conclusion, the effects of all used strategies were compared and evaluated according to individual characteristics.