Analiza ryzyka kursowego
Currency risk analysis

Summary/Abstract: International economic relations among companies have become broader and deeper. These companies are offered numerous economic and financial advantages, as well as ore exposed to many types of risk. One of them is currency risk that is considered as a danger of making a loss due to possession by a company of an open currency position. Inconvenient variations of exchange rate result in the exposure to the currency risk. Currency risk resuits from the application of floating exchange rates by the states and from the disability of a precise calculation of their levels in the futurę. In the paper, the currency risk in the areas connected with its types (transaction risk, economic (operating) risk and translation risk) has been analysed. In conclusion, effective risk management is necessary to reduce the currency risk. Another point is that the introduction of euro has influenced positively the currency risk reduction for companies operating in the euro zone.

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