Hedging FX risk – a Russian point of view
Vinogradov, Nikita (2018)
Pro gradu -tutkielma
2018
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2018052524727
https://urn.fi/URN:NBN:fi-fe2018052524727
Tiivistelmä
The main problem which is considered in the research work is the uncertainty in the Russian market and its influence on the currency risk. The topicality of the chosen topic is explained by the necessity of the modifying the model of currency risk management due to the change in the economic situation in Russia for multinational companies.
The aim of the research work is to find the optimal strategy of using derivatives for reducing currency exchange risk.
The result of the research was the development of hedging strategy by using futures instrument and prediction model, based on three macroeconomic factors and performed in Vensim software.
The conclusion involves limitations and direction of future research in this field and provides recommendation for users of developed model.
The aim of the research work is to find the optimal strategy of using derivatives for reducing currency exchange risk.
The result of the research was the development of hedging strategy by using futures instrument and prediction model, based on three macroeconomic factors and performed in Vensim software.
The conclusion involves limitations and direction of future research in this field and provides recommendation for users of developed model.