Zabezpieczanie ryzyka walutowego z wykorzystaniem kontraktów terminowych futures notowanych na WGT SA
Streszczenie
The article outlines the issues of exchange rate risk (it's specificity and types) and
derivative instruments (based on currencies) quoted on Warsaw Commodity Exchange. The
exchange rate risk is one of the most significant in conducting business activities. Searching the
most effective way for stabilise the economic process we should consider usage of financial
futures. The contract construction guaranties that it is sure to obtain satisfying level of
exchange rate risk protection. The contract transforms indefinite level of exchange rate risk
into the “basis change risk”, which is lower and much more predictable. Hence, the attention
is paid to the hedging mechanism.
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