Rachunkowość instrumentów zabezpieczających a ryzyko wahań kursu walutowego
Accountancy of hedging instruments in the context exchange rate fluctuations

Summary/Abstract: Purpose - the aim of the paper is to show the problem of risk fluctuations of exchange rate faced by the travel agent. This article present methods to hedge against the negative impact of exchange rate changes. Design/Meihodohgy/approach - the objective has been supported by analysis of the literature and simulation as a fundamental element of empirical research. Findings - the use of hedge accounting requires to meet many formal condition. The most used methods of protection against depreciation of the zloty is the conclusion of a forward contract and the purchase of call options. Each of these methods has its good and weakness- es. The choice of hedge method depends on the decisions of the company managers. Originality/value - article draws attention to the most important issue related to the financial management of a travel agency. The added value of this publication is a comprehensive analysis of currency risk together with the effectiveness of hedging instruments on the example of a travel agency

• Details
• Contents