Συναλλαγματικός κίνδυνος επενδύσεων χαρτοφυλακίου
KeywordsΔιαχείριση χαρτοφυλακίου ; Συναλλαγματική ; Συναλλαγματικοί κίνδυνοι ; Αντιστάθμιση κινδύνου ; Διαχείριση κινδύνου
The volume of the currency market is approaching the daily amount of 3 trillion dollars, which is about one sixth of the US GDP. The peculiarity of this market for many years encourages researchers to examine the effect of exchange rate changes in the evolution of business. As markets become increasingly interconnected, the usefulness of these studies is an important element in business and investor decision-making. This thesis investigates eight US companies, which are characterized by high activity in the United Kingdom. Examine the sensitivity of a portfolio which involves the eight companies in the face of changes in the exchange rate between the dollar and the British pound. The aim of the thesis is to show whether the companies concerned are effectively cover their exposure against this risk.