MBRM513 Управление на валутния риск


The world economy has changed in recent years significantly and the fluctuations of the national currencies are increased due the environment. At the same time, the crypto currencies have emerged and they have created a new digital foreign exchange market which has an impact over the financial flows.

The course “Foreign Exchange Risk Management” is part of the master program in international business and development. The foreign exchange markets, foreign exchange rates and the methods for the management of the foreign exchange risk are reviewed in the course.

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Международен бизнес и развитие ( на английски език)


доц. Ирена Николова  д-р

Описание на курса:


Students who complete this course:

1) will know:

• the situation on the foreign exchange markets and the trends in the development of particular companies and the economy as a whole;

• the exchange rates fluctuations and their impact on the activities of the companies and the business environment;

2) will be able to:

• build skills for evaluation of the dynamic economic and financial environment;

• understand the strategies and methods for the foreign exchange risk management in non-financial companies;

Предварителни изисквания:

Форми на провеждане:

Учебни форми:

Език, на който се води курса:

Теми, които се разглеждат в курса:

  1. Introduction
  2. Course topics
  3. Test

Литература по темите:

• Material in Moodle in Foreign Exchange Risk Management, I. Nikolova

• Buckley, A. Multinational Finance, 4th Edition, Pearson Education Ltd., 2000.

• Kim, S and S. H. Kim. Global Corporate Finance, 6th Edition, 2006.

• O’Brien, T. Global Financial Management. John Wiley & Sons, Inc. 1996.

• Pilbeam, K. International Finance, 4th Edition, Palgrave MacMillon, 2013.