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Managing Foreign Exchange Risk: Case of Manufactory Company
Pindur, Přemysl ; Esterková, Iveta (referee) ; Režňáková, Mária (advisor)
The thesis primarily deals with the foreign exchange risk in the manufactory company Šroubárna Kyjov spol. s r.o. The aim of the thesis was to evaluate the current situation in the company using selected elements of financial analysis and performing strategic analysis. Based on the analysis of the foreign exchange risk in previous years and on the basis of the CZK/EUR exchange rate forecast, measures were proposed for the next period.
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Vliv devizového rizika na výkonnost firem
Kučerová, Aneta
The aim of this bachelor thesis is evaluation of the foreign exchange risk influence on the performance of firms that are part of the European Union that don’t have euro as their national currency and face this risk throughout running their international business. Within analysis was used multiple regression method. Results of the analysis are compared with other works that studied this issue and based on conclusions are formulated recommendation towards firm management area.
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Managing Foreign Exchange Risk: Case of Manufactory Company
Pindur, Přemysl ; Esterková, Iveta (referee) ; Režňáková, Mária (advisor)
The thesis primarily deals with the foreign exchange risk in the manufactory company Šroubárna Kyjov spol. s r.o. The aim of the thesis was to evaluate the current situation in the company using selected elements of financial analysis and performing strategic analysis. Based on the analysis of the foreign exchange risk in previous years and on the basis of the CZK/EUR exchange rate forecast, measures were proposed for the next period.
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Foreign exchange risk management in an international company
Zágorová, Lucie ; Čajka, Radek (advisor) ; Donát, Jiří (referee)
The growth of the international business offers the chance for companies to enter new markets in order to increase their revenues. The transactions in foreign currencies are influenced by the impacts of the volatility of the exchange rates in the sense that an unfavorable evolution of the exchange rates can result in a considerable loss. The main aim of this thesis is to analyze the process, the strategy and the overall importance of the management of the foreign exchange risk in the context of an international company. The theoretical part introduces foreign exchange rates, three types of the foreign exchange risks and it further focuses on the basic techniques used for measuring the risk and the methods for its management. The practical part focuses not only on the foreign exchange risk management for the company's global level, but also on providing a detailed analysis of the foreign exchange impact on its three subsidiaries.
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Foreign exchange risk management and changes of the exchange rate system of central banks
Sixtová, Kateřina ; Witzany, Jiří (advisor) ; Málek, Jiří (referee)
The bachelor thesis is focused on foreign exchange risk management used by households, firms and banks. The thesis deals with how the hedging against foreign exchange risk depends on the exchange rate system in particular countries. The first chapter is an introduction to foreign exchange market and its current trends. The second part consists of management of foreign exchange position by particular participants on the FX market. In the third part of the thesis are described the functions and competence of a central bank involving FX operations. The last part focuses on the exchange rate of czech koruna. The main goal is to give a recommedation to the Czech national bank regarding its future exchange rate system and to analyze of the possible impact of the development of the exchange rate of koruna on participants on the czech FX market. The outcome of the thesis consists of two possible suggestions to CNB, involving the immediate end of the exchange rate commitment or its prolonging until the adoption of the euro.
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Foreign exchange risk and its management methods in PEGAS NONWOWENS
Nikodem, David ; Brůna, Karel (advisor) ; Pour, Jiří (referee)
The aim of this thesis is to introduce the reader to the theory of foreign exchange risk, its measurement and finally its management methods, using the example company of PEGAS NONWOWENS. Foreign exchange risk is a serious issue in this day and age, that is concerning every company, directly or indirectly active in international trade. The first part is going to introduce the terms of foreign exchange risk, exposure and position. The second part covers various foreign exchange risk measurement options. The main part of the theoretical section of the thesis deals with the most commonly used methods of foreign exchange risk management. The last and most important part of the thesis uses the theoretical basis established in the first three chapters to analyze the methods of foreign exchange risk management used by a real world company PEGAS NONWOWENS.
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Measurement of transaction exposure using Value at Risk
Prorok, Vojtěch ; Brůna, Karel (advisor) ; Skoupil, Lubomír (referee)
The thesis is focused on the process of exchange risk management especially in context of small and medium enterprises. This process consists of exchange risk identification, quantification and decision whether to hedge the exposure. In the first chapter, transaction, economic and translation exposures are described. In the subsequent stage, options of transaction exposure measurement are discussed. The basic principles are demonstrated on scenario analysis and, after that,the description of VaR computed by historical simulation, Monte Carlo simulation and parametric approach is included. In the analytical part of the thesis computation of VaR by using historical and Monte Carlo simulation is illustrated on the case of made up company called CZ_export s.r.o. Four different VaR of its portfolio, which includes five different positions that vary in currency, volume and maturity, are obtained and, consequently, compared one another. In addition, it is proved that including correct correlations is essential for a good informative value of any model. All the computations are performed in Crystal Ball software by Oracle.
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Specifics of Currency Transactions in International Companies
Gregová, Silvia ; Taušer, Josef (advisor) ; Orsagova, Lucie (referee)
International companies perform business transactions in different countries all over the world and must be able to manage their financial assets in various currencies. Significant foreign exchange alteration can markedly harm market value of any company. The companies use so called 'hedging' to avoid such situations. The aim of this master thesis is to analyze specifics of currency operations based on a case study in the international company and its transaction exposure. The thesis discovers that the selected company uses only two types of 'hedging'.
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