Currency Management in Times of Global Upheaval

Lecture vom 06. September 2023
Members Only
Katherina Duong-Bernet, CFA
Details

Historically large trading ranges across FX markets observed in 2022 mark the end of decades of tranquility. Stable currency systems of our hitherto globally integrated world, are coming to an end. Structural changes are coming our way. 

What does foreign currency management have to accomplish nowadays to achieve optimal liquidity, to protect overall returns and to manage inflation- and market related risk? Increased hedging costs, fluctuating cash flows, lost opportunities in FX returns: How can institutional FX management harness currency movements and establish sound policies around FX management at the level of the strategic asset allocation?

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