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The Use of Financial Derivatives to Hedge Against Currency Risks
Daňhel, Tomáš ; Stádník, Bohumil (advisor) ; Mazáček, David (referee)
Diploma thesis is focused on analysis and comparison using financial derivatives to hedge currency risk. The first part of the thesis describes instruments used for hedging: forex forwards, futures contracts and currency options. Those instruments are used for back-testing in analytical part, currency crosses used for back-testing are EUR/USD, EUR/GBP and GBP/USD. The main goal of this thesis is to evaluate the posibility of using them to hedge currency risk, comparison of their efectivity and application.

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