| Abstract [eng] |
The object of a scientific research – foreign exchange risk management. Tasks: 1)to systematise the factors influencing foreign exchange fluctuations; 2)to determine the level of foreign exchange rate risk management; 4)to analyze modern hedging methods and means aimed to control foreign exchange rate risk and determine the possibility of their application in enterprise; 5)to use a foreign exchange rate risk management model for foreign exchange rate risk management in enterprise. Choosed foreign exchange rate risk management model gives conditions to realistically estimate foreign exchange rate risk, choose adequate hedging instruments and forecast financial results for an enterprise. This model covers all the stages of the management cycle of foreign exchange rate risk. Best-fit cases and means are suggested for each stage for enterprise using this model: foreign exchange balance and calculation of open foreign exchange positions for determining the risk; quantitative measurement variance/covariance method for measuring risk; choosing hedging means and instruments based on terms. It allows enterprise to measure the risk, choose adequate risk management instruments, forecast financial result and cash flows of the enterprise. The results of foreign exchange rate risk managing in enterprise were that damage of rate risk was 2.5 smoler when not managing the risk. |
