DERIVATIVE INSTRUMENTS (FORWARD, FUTURES) AS RISK MANAGEMENT TOOLS FOR CURRENCY VOLATILITY FOR CORPORATE MANAGERS (Instrumenty pochodne forward/futures jako narzedzie zabezpieczajace ryzyko kursowe w przedsiebiorstwie)
The article presents risk associated with currency fluctuations which can adversely affect exporters and importers. The solution to risk which currency fluctuations can cause is an effective use of derivative instruments such as forwards, futures, and vanilla options. The author presented practical examples of hedging techniques used by exporters and importers, employing these instruments. Likewise, the author explained the potential risks associated with the use of derivative instruments.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.