Zajištění měnového rizika ve vybraném podniku

Abstract

The aim of this thesis is to hedge the currency risk in a selected company. The first part contains a breakdown of financial risk, subsequently elucidated the importance of hedging and its individual methods. Then are characterized financial derivatives and types of underlying processes from which it is possible to simulate future development of the financial assets. The content of the second part is a definition of basic concepts related to foreign currency risk, a description of approaches to hedge the currency risk and also description of the reasons for hedging. In addition, there is a chapter devoted to the characteristics and analysis of currency derivatives and their valuation. In the last part, the theoretical knowledge is applied in the practical part. The hedging is made by using specific currency derivatives and subsequently it results in their comparison and evaluation.