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An approach to foreign exchange exposure management for a South African importer

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dc.contributor.author De Kock DE en
dc.date.accessioned 2016-09-22T09:16:05Z
dc.date.available 2016-09-22T09:16:05Z
dc.date.submitted 1981 en
dc.identifier.uri http://hdl.handle.net/20.500.11892/51786
dc.description.abstract Provides an approach to managing exposure to foreign exchange with particular emphasis on the situation of the South African importer. An approach to determining exposure to transaction risk is developed together with a proposed reporting format. Various methods of protecting foreign exchange exposure against the risk inherent in exchange rate fluctuations are described. The report discusses nineteen empirical regularities in exchange rate behaviour which form the basis for determining the probability distribution of the future spot exchange rate. The approach used in determining the expected future spot exchange rate follows the Histogram Technique used at Morgan Guaranty Trust to forecast expected future interest rates. An approach to dealing in the foreign exchange market is also described, in particular the need to develop a direct relationship with the central foreign exchange department of the banks. A method for obtaining foreign exchange department of the banks. A method for obtaining foreign exchange quotations is outlined and also the manner in which spot and forward transactions are undertaken. The report outlines the procedure for cancellation, early take-up and extension of forward contracts. It is proposed that a Foreign Exposure section be established. A format for reporting performance in terms of foreign exchange gains or losses is also described. The report thus provides an approach to foreign exchange exposure management for a South African importer. en
dc.language English en
dc.subject Business administration / Business leadership en
dc.subject Management economics en
dc.title An approach to foreign exchange exposure management for a South African importer en
dc.type Masters degree en
dc.description.degree MBA en


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