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class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Gftp.svg/48px-Gftp.svg.png" decoding="async" width="48" height="48" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Gftp.svg/72px-Gftp.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Gftp.svg/96px-Gftp.svg.png 2x" data-file-width="229" data-file-height="229" /></a></span></td> <td style="width: 115px; white-space: nowrap; padding: 4px 1em 0 0.5em; border-right: 1px solid #aaa;"><span style="color: #616E1C"><a href="/wiki/Trade_Finance" title="Trade Finance"><b>Trade Finance</b></a></span> </td> <td style="padding: 1px 1em 0; background: #F6F9ED;"> <p><a href="/wiki/Trade_Finance" title="Trade Finance">Introduction</a> | <a href="/wiki/Trade_Finance/Political_and_Economic_Risk" title="Trade Finance/Political and Economic Risk"><b>M.1</b> Political and Economic Risk</a> | <a class="mw-selflink selflink"><b>M.2</b> Risk Mitigation Techniques</a> | <a href="/wiki/Trade_Finance/Commercial_Risk" title="Trade Finance/Commercial Risk"><b>M.3</b> Commercial Risk</a> | <a href="/wiki/Trade_Finance/Payment_Methods" title="Trade Finance/Payment Methods"><b>M.4</b> Payment Methods</a> | <a href="/wiki/Trade_Finance/Selecting_Payment_Methods" title="Trade Finance/Selecting Payment Methods"><b>M.5</b> Selecting Payment Methods</a> | <a href="/wiki/Trade_Finance/Financial_Plan" title="Trade Finance/Financial Plan"><b>M.6</b> Financial Plan</a> | <a href="/wiki/Trade_Finance/Short-term_Financing" title="Trade Finance/Short-term Financing"><b>M.7</b> Short-term Financing</a> | <a href="/wiki/Trade_Finance/Medium-_and_Long-term_Financing" title="Trade Finance/Medium- and Long-term Financing"><b>M.8</b> Medium- and Long-term Financing</a> </p> </td></tr></tbody></table> <p><br /> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Module_2:_Risk_Mitigation_Techniques">Module 2: Risk Mitigation Techniques</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&veaction=edit&section=1" title="Edit section: Module 2: Risk Mitigation Techniques" class="mw-editsection-visualeditor"><span>edit</span></a><span class="mw-editsection-divider"> | </span><a href="/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&action=edit&section=1" title="Edit section's source code: Module 2: Risk Mitigation Techniques"><span>edit source</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Module_Introduction">Module Introduction</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&veaction=edit&section=2" title="Edit section: Module Introduction" class="mw-editsection-visualeditor"><span>edit</span></a><span class="mw-editsection-divider"> | </span><a href="/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&action=edit&section=2" title="Edit section's source code: Module Introduction"><span>edit source</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The objective of this module is that after evaluating foreign currency exchange risk, select, implement, and manage risk mitigation techniques to protect the company against fluctuation of foreign exchange. </p><p>The globalization of business generates foreign currency risks which need to be recognized. The globalization process is irreversible and will be critical to the survival of most industries and businesses. This process affords enormous opportunities to diversify business risk, generate economies of scale and capture additional market share. Managing foreign exchange risk requires understanding political, economic and financial markets. It is not always possible for all participants to have experience in the market options available. It is possible to have sufficient knowledge to mitigate most of the risks that businesses can face. Managing foreign exchange risk requires understanding currency convertibility--with open or closed borders--when exchange rates are fixed, floating or managed. Knowing the appropriate hedging actions to take is essential in any of these complex situations. </p><p>A success global business professional may not actively participate in foreign exchange risk mitigation; however, understanding the risks and opportunities is essential to operating a profitable international business. To master the concepts in this Task, you must know and understand foreign exchange risk mitigation techniques and required documentation: hedging tools, currency option contracts, and transfer pricing. </p><p><br /> </p> <div class="mw-heading mw-heading3"><h3 id="Module_Sections">Module Sections</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&veaction=edit&section=3" title="Edit section: Module Sections" class="mw-editsection-visualeditor"><span>edit</span></a><span class="mw-editsection-divider"> | </span><a href="/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&action=edit&section=3" title="Edit section's source code: Module Sections"><span>edit source</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Foreign_Exchange_Risk_Mitigation_Techniques" title="Foreign Exchange Risk Mitigation Techniques">Unit 2.1: Foreign Exchange Risk Mitigation Techniques</a></li></ul> <p><br /> </p> <div class="mw-heading mw-heading3"><h3 id="About_this_Resource">About this Resource</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&veaction=edit&section=4" title="Edit section: About this Resource" class="mw-editsection-visualeditor"><span>edit</span></a><span class="mw-editsection-divider"> | </span><a href="/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&action=edit&section=4" title="Edit section's source code: About this Resource"><span>edit source</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>These resources were developed by <a rel="nofollow" class="external text" href="http://www.msuglobal.com">MSU Global</a> with funding provided by a <a rel="nofollow" class="external text" href="http://www.ed.gov/programs/iegpsbie/index.html">U.S. Department of Education, Business in International Education</a> Title VIB grant. </p>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" href="https://en.wikiversity.org/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&oldid=1414440">https://en.wikiversity.org/w/index.php?title=Trade_Finance/Risk_Mitigation_Techniques&oldid=1414440</a>"</div></div> <div id="catlinks" class="catlinks" data-mw="interface"><div id="mw-normal-catlinks" class="mw-normal-catlinks"><a href="/wiki/Special:Categories" title="Special:Categories">Category</a>: <ul><li><a href="/wiki/Category:Trade_Finance" title="Category:Trade Finance">Trade Finance</a></li></ul></div></div> </div> </main> </div> <div class="mw-footer-container"> <footer id="footer" class="mw-footer" > <ul id="footer-info"> <li id="footer-info-lastmod"> This page was last edited on 18 August 2015, at 12:35.</li> <li id="footer-info-copyright">Text is available under the <a rel="nofollow" class="external text" href="//creativecommons.org/licenses/by-sa/4.0/">Creative Commons Attribution-ShareAlike License</a>; additional terms may apply. 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