Zajištění proti měnovému riziku ve vybraném distributorském podniku

Abstract

The diploma thesis with the choice of the most suitable option of hedging of a currency risk with the help of financial derivatives in a specific distributor company. The methodological part consists of one chapter. This chapter characterizes basic types of risks with a more extensive description of the currency risk. Next it depicts types of financial derivatives and last but least it also describes methods of elimination of financial risks. The aim of the theoretical part is to provide a comprehensible background for the following practical application. On the other hand, the practical part includes two chapters when the first illustrates the basic characteristics of the specific distributor company. Then comes the example of hedging of the currency risk. The aim of this section is to determine the failures of a chosen strategy of hedging from the 2009 business year. The second chapter of the practical part monitors the options of hedging in the 2011 business year when four financial instruments the passive strategy, the forward and two option strategies are compared. Through the use of observation of the total revenue from the derivative business is the goal set being the choice of the most suitable option according to different criteria.