Kenyan Banker urges hedging strategies for corporates
East Africa's most promising economy - Kenya has been growing at a positive 4-5% during the last decade. With international trade increasing bank of Africa's Kenya Head has urged small and medium enterprises to explore foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv hedging strategies to mitigate currency risk.
The recommendation comes after the Kenyan shilling had a topsy-turvy ride last year and importers of oil, fertiliser and chemicals were forced to dig deeper to purchase raw products. Corporates can engage in numerous derivatives products to manage their risk. Options and Forwards are widely used to book or determine rates for future pricing. Options are useful as they give corporates up and down side pricing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, .
The shilling against the greenback is currently trading at: KES/USD = 83.12689
Kenya has benefited from the local capital markets embracing electronic trading. Kenya is a great market for FX derivative providers offering solutions to corporate and institutional clients.
The retail market is gaining momentum as internet usage and disposable income are increasing. Africa is one of the growth stories of the next decade.
Forexmagnates team have written a detailed report on the state of FX in Africa; available in the Q2 quarterly repo 2012.
East Africa's most promising economy - Kenya has been growing at a positive 4-5% during the last decade. With international trade increasing bank of Africa's Kenya Head has urged small and medium enterprises to explore foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv hedging strategies to mitigate currency risk.
The recommendation comes after the Kenyan shilling had a topsy-turvy ride last year and importers of oil, fertiliser and chemicals were forced to dig deeper to purchase raw products. Corporates can engage in numerous derivatives products to manage their risk. Options and Forwards are widely used to book or determine rates for future pricing. Options are useful as they give corporates up and down side pricing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, .
The shilling against the greenback is currently trading at: KES/USD = 83.12689
Kenya has benefited from the local capital markets embracing electronic trading. Kenya is a great market for FX derivative providers offering solutions to corporate and institutional clients.
The retail market is gaining momentum as internet usage and disposable income are increasing. Africa is one of the growth stories of the next decade.
Forexmagnates team have written a detailed report on the state of FX in Africa; available in the Q2 quarterly repo 2012.