Analýza metód pre zaistenie menového rizika pomocou vybraných stratégií

Abstract

Expansion into a country with a different national currency comes with a currency risk that can significantly affect the company's cash flows. It is therefore crucial, that the company implements effective hedging strategies. The thesis analyses a Czech company that is expanding into a foreign market. The aim of the thesis is to analyse, practically apply and evaluate the selected hedging strategies against currency risk in a risk neutral and risk averse approach. The strategies that have been selected according to their suitability for the selected company are evaluated based on the identified criteria, to identify the most appropriate hedging strategy for the company. The thesis is divided into five chapters, it is divided into a theoretical-methodological part and an application part. The first part contains the theoretical knowledge of financial derivatives and hedging, in this part the methods of comparison and description are used. The application part focuses on the practical application of hedging strategies, in this part methods of comparison and analysis are used. The last chapter is devoted to the conclusion and overall evaluation of the thesis, as well as the achievement of the objective. Overall, the analysis of hedging strategies is an important step for an enterprise in its efforts to minimize the impact of currency risk and to ensure a stable position in the foreign market.