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Finance in practice: Currency Risk & Transactions
Rating: 4.0 out of 5(1 rating)
788 students

Finance in practice: Currency Risk & Transactions

Master FX risk management and financial modeling for corporate finance and treasury roles
Created byMichiel van den Broek
Last updated 2/2026
English

What you'll learn

  • A solid understanding of the potential sources of currency risk, and basic practical skills of how to manage FX risk.
  • Gain practical skills to hedge short & long foreign exchange positions from import and export transactions, as well as from investment and funding activities.
  • Confidently read, interpret, and communicate FX quotes, understand settlement rules, and navigate the conventions that underpin the global currency market.
  • Understand FX swaps: structure, calculation of swap points, derive FX forward rates, use swaps to bridge timing gaps between settlement dates.
  • Know the fundamentals of the foreign exchange market, including its organization, key participants, products, and trading motivations
  • Learn about FX swap variations, such as cross-currency interest rate swaps and basis swaps.
  • ISO currency codes
  • Learn currency market conventions
  • The calculation of FX forward (future) exchange rates
  • Cross currency interest rate swaps (CCIRS)
  • Understand settlement rules
  • Base and quoted currencies

Explore related topics

Course content

6 sections • 8 lectures • 1h 23m total length

  • Course topic roadmap and topic basket4:09

    In this short introduction, you’ll explore the course topic basket and see all the exciting skills you’ll gain along the way.

  • A general Introduction to Financial Markets27:46

    Financial markets play a vital role in our economies and in international business. To get started, we’ll begin with a general introduction to financial markets, giving you a clear overview of what happens in these markets and why they matter.

    Key topics include:

    • What happens in financial markets and what motivates trading

    • The two main product categories: traditional instruments and derivatives

    • The main financial products and how they are priced, including loans, equities, foreign exchange (FX) spot transactions, futures, swaps, and options

    • The different market structures: regulated exchanges and over-the-counter (OTC) markets

    • The impact of the 2008 financial crisis on financial regulation

Requirements

  • This beginner-friendly course will guide you step by step through the global currency market.
  • You don’t need previous experience or knowledge.

Description

Welcome to Finance in practice: Currency risk & transactions

Did you know the foreign exchange (Forex or FX) market is the largest financial market in the world, with over $7 trillion traded every day? Operating 24 hours a day on business days, the Forex market is a truly global and dynamic environment where professional financial institutions dominate trading activity.

Exchange rates directly affect international trade, corporate profits, investments, and global financial stability. Yet most professionals never learn how the FX market actually works, or how to quantify and manage currency risk using financial models.

In this course, you’ll explore how currencies are exchanged, and how instruments like FX spot transactions, forwards, and swaps are supporting trade and investment, and used to manage currency risk. You’ll also develop financial modeling skills to quantify FX risk, calculate forward rates, and evaluate professional hedging strategies.


What you will learn

Whether you work in finance, accounting, corporate treasury, banking, consulting, risk management or investing: understanding FX is a critical professional skill. By the end of this course, you will be able to:

  • Understand how the global foreign exchange market operates

  • Identify the key participants and their trading motivations

  • Read and interpret FX quotes, spreads, and cross rates confidently

  • Calculate FX forward rates using interest rate differentials

  • Understand the structure and mechanics of FX swaps and forwards

  • Quantify currency risk exposures affecting companies and investments

  • Apply practical hedging techniques to manage FX risk

  • Enhance your financial modelling skills to analyse FX exposures, evaluate hedging outcomes, and support financial accounting and reporting.

  • Think and communicate like a finance professional working with currencies

Why this course is valuable

Many courses explain Forex from a trading or speculative perspective. This course focuses on the professional, institutional, and corporate finance perspective, where FX is used to:

  • Support international trade

  • Manage financial risk

  • Protect company earnings

  • Structure financial contracts

  • Analyze cross-border investments

What makes this course different

This course focuses on real financial and professional applications, not speculative trading.


Curious to learn more?

View the free accessible parts to learn more about the course roadmap and topic basket of this course.


Course roadmap and topic outline per section

Section: Getting Started with the Currency Market

  • Key topics: currency market organization, key participants, products, and trading motivations.

  • Your first step in the forex market

Section: FX market standards and conventions

  • Key topics: settlement timelines, ISO currency codes, FX rate quotations, spreads, and cross rates.

  • Your learning: confidently read, interpret, and communicate FX quotes, understand settlement rules, and navigate the conventions that underpin the global currency market.

Section: An Introduction to Currency risk & Hedging

  • Key topics: the main sources of currency risk exposure; a practical example hedging.

  • Your learning: understanding of currency risk sources and determination factors; introduction to mitigate FX risk.

Section: FX Swaps & Forwards

  • Key topics: currency derivatives - FX swaps and forwards

  • Your learning: understand and use FX swaps (structure); swap points calculation: derive FX forward rates: other FX swap variations (cross-currency interest rate swaps, basis swaps.

Section: Currency Risk Management

  • Key topics: the practice of managing FX risk on foreign-currency payables and receivables;

  • Your learning: Practical hedging techniques for protecting against exchange rate fluctuations


If you have any questions or would like more information about our eLearning or classroom programs, please feel free to contact me.

Who this course is for:

  • This Ideal for professionals engaged in currency risk from international business, including imports and exports, cross-border investments, and global funding activities.beginner-friendly course will guide you step by step through how the global currency market.
  • Designed for IT professionals working in banks, financial institutions, treasury departments, or with ERP systems who want to deepen their understanding of financial processes and products.u don’t need previous experience or knowledge.
  • Whether you’re curious about global finance or aiming to advance your career in the financial industry, this course offers practical, actionable knowledge you can apply with confidence.
  • Designed for accountants and financial controllers seeking to strengthen their ability to interpret, value, and record FX transactions accurately and confidently.

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