Understanding Foreign Exchange

Pricing Cost for BPP PD Members: £440.00 + VAT : 6 CPD Hours (£550.00 + VAT for non BPP PD Members - Click here for details of our membership scheme.) Skip to Course Dates and Booking

Course level

Introductory

Delegates

Do you need to know how the foreign exchange markets work, who uses it and what it can be used for? If so, this course is ideal for you, particularly if you are a newcomer to the dealing room or corporate treasury.

Overview

This one-day course covers all the basic concepts and products used in the foreign exchange markets. The major uses of foreign exchange by both banks and corporations are examined with ample opportunity given to apply the concepts.

Learning outcomes include obtaining a greater understanding of:

• Background
• The development of the market
• Market participants and their roles
• Market volume contributions
• The Spot Market
• How rates are quoted
• Market terminology and conventions
• Calculation of cross rates
• Foreign Exchange Trading
• Position keeping
• Profit and loss
• Calculating cross rates from spot rates
• Forward Rate Derivation
• Basic financial maths
• Forward rate derivation
• Interest rate differentials
• The effect of a change in spot rate
• Forward Rates
• Application to the spot market
• Deriving outright rates before and after spot date
• Adjusting values of existing contracts
• Currency Options
• Option terminology and principles
• Hedging and speculation with options
• Pay-off profiles
• Exchange traded and OTC options
• Options Pricing
• Strategies in Brief

Course Dates

Location	Dates	Time	Availability
London	05 Mar 2020	9:00 AM - 5:00 PM	Spaces	Book Now
London	03 Jun 2020	9:00 AM - 5:00 PM	Spaces	Book Now
London	06 Sep 2020	9:00 AM - 5:00 PM	Spaces	Book Now
London	02 Dec 2020	9:00 AM - 5:00 PM	Spaces	Book Now