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The application of finacial derivatives in bussines practise
Podhorná, Hana ; Kotík, Věroslav (referee) ; Meluzín, Tomáš (advisor)
The aim of this bachelor thesis is eliminating the foreign exchange risk in the given company by using financial derivatives. The thesis is divided to a theoretical and a practical section. The theoretical section is focused on the problems of foreign exchange risk, including a description of the main products and procedures that enable to manage these risks effectively. The practical section analyses the problem of exchange rate losses and evaluates the foreign exchange position of the company. The author tried to create suitable proposals for the possibilities of security. The conclusion of the thesis contains benefits that resulted from the obtained results of the given proposal.
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Possibilities and Methods of Exchange Rate Risk Management
Cheuzova, Olga ; Brůna, Karel (advisor) ; Marková, Jana (referee)
The subject of this bachelor thesis Possibilities and Methods of Exchange Rate Risk Management is to understand how the exchange rate risk arises and how it can be managed, analysis of methods and options of exchange rate risk management and determination of exchange rate risk by the international stock company Orco Property Group S.A. which eliminates the unfavorable impacts of the development of individual of the functional currencies of the subsidiaries on the consolidated balance sheet. The first part focuses on the understanding of the course risk management process from a theoretical point of view. The second part introduces Orco, its financial analysis, analysis of its foreign exchange exposure and currency risk management.
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Exchange rate risk management in the corporate sector
Strákoš, Michal ; Durčáková, Jaroslava (advisor) ; Šíma, Ondřej (referee)
The bachelor thesis focuses on the issue of exchange rate risk and the possibilities of its management in the corporate sphere. The aim of the thesis is to analyze implications of the Czech national bank's exchange rate commitment for the financial management of the export-oriented company on the hypothetical data. The benefit of the thesis is the comparison of different hedging opportunities offered by Czech banks and also the possibilities and impacts of hedging under different foreign exchange arrangements on the financial management in the microsphere.
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The application of finacial derivatives in bussines practise
Podhorná, Hana ; Kotík, Věroslav (referee) ; Meluzín, Tomáš (advisor)
The aim of this bachelor thesis is eliminating the foreign exchange risk in the given company by using financial derivatives. The thesis is divided to a theoretical and a practical section. The theoretical section is focused on the problems of foreign exchange risk, including a description of the main products and procedures that enable to manage these risks effectively. The practical section analyses the problem of exchange rate losses and evaluates the foreign exchange position of the company. The author tried to create suitable proposals for the possibilities of security. The conclusion of the thesis contains benefits that resulted from the obtained results of the given proposal.
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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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Possibilities and ways of managing the foreign exchange risk aimed at the issue of forward rate
Brigant, Michal ; Mandel, Martin (advisor) ; Kuncl, Martin (referee)
This bachelor thesis is focused on issues of foreign exchange risk and forecasting the spot exchange rate. The thesis is divided into four chapters. Foreign exchange risk was evaluated on following daily quoted exchange rates: CZK/EUR, CZK/USD and CZK/GBP. Various approaches were used in order to measure the foreign exchange risk. All of these approaches lead us to the same conclusion. The biggest exposure to the foreign exchange risk was identified in the case of the exchange rate CZK/USD, on the other hand the smallest exposure was measured on the exchange rate CZK/EUR. Our choice on the subject of forecasting the spot exchange rate was the forward prognosis. Neither closer observation of its error rate nor its comparison with the naive prognosis was able to confirm its ability to forecast the spot exchange rate in the future successfully.
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