Zajištění měnového rizika strojírenského podniku

Abstract

The aim of the diploma thesis is to hedge the currency risk in Vítkovice Heavy Machinery a.s company using selected strategies for a period one year. The thesis is dividend into three main parts. The first section describes the methods of hedging currency risk, the methods of predicting volatility and exchange rate. Another seciton is devoted to describing the business plan and the companyś foreign currency position. The last part contains a comparision of the selected hedging strategies based on specific criteria. The comparision of the hedging strategies is done under two possible scenarios for the development of the exchange rate. The first scenário is considering foreign exchange intervention for the whole year 2016 and the second scenário assumes a floating exchange rate since june 2016. In each scenario, it is recommended the best strategy to hedge currency risk in the company.