Understanding Forex

Detailed Course Agenda

Click here for a detailed PDF of the course.pdf
Brief Course Overview

South Africa is firmly entrenched in the global economy. Any company involved in any aspect of exporting or importing needs to understand the impact of Foreign Exchange on their business. This course will take you through everything you need to know about the FOREX market.

We discuss the details of FOREX from:

  • Going Global.
  • Importing and Exporting.
  • INCO terms.
  • International Trade agreements.
  • Looking at how the FOREX market developed.
  • The Gold standard.
  • Fixed Exchange rates and pegs versus floating exchange rates.
  • Balance of payments and balance of trade.
  • The implications of a current account deficit for South Africa and USA.
  • Exchange controls.
  • Currency quoting conventions and jargon such as base currency, terms currency, direct quotes, indirect quotes, pips etc.
  • The crosses and simple ways of calculating the cross rate from two other currencies.
  • Some FOREX settlement jargon and rolls.
  • Trading in FOREX personally and professionally and all of the trading jargon e.g. long, short, bid offer, choice, hedge etc.
  • FOREX forwards and forward exchange contracts.
  • Interest rate parity.
  • Determining the forward price.
  • Forex Futures.
  • Forex options.
  • Currency Swaps
  • Fx Swaps.

Please refer to the pdf agenda attached for more info. You are welcome to customise the agenda for on-site training.

Price: R4750* + vat per person

*Please contact us for a firm price as we offer discounts for regular clients, long term contracts and large delegations. All prices below refer to on-site / in-house training (i.e. at your premises) in the major cities in South Africa. The minimum number of delegates is 8. This price is valid up to 2020/11/23.

Please contact us for a firm quote.

We also offer training outside of South Africa, again please contact us for a firm quote.