This full day course gives participants an overview into Foreign Exchange Markets and how they operate.


The workshop is very interactive with group sessions and questions. There are ongoing exercises and participation throughout the day.


Who should attend?

  • Bankers, front office or back office staff
  • Fund administrators
  • Investment administrators
  • Custodians
  • Treasury administrators

Learning objectives / What will I learn?

At the end of this course, delegates will:

  • Have a good working knowledge of the history and theory of foreign exchange
  • Be able to calculate spot and forward rates
  • Understand the relationship between foreign exchange rates and interest rates
  • Appreciate the risks involved in foreign exchange dealing, and movements of funds


computer monitor and smart phone screen with stock market graphs

Content Overview

Overview - The Financial Markets

  • History
  • Participants
  • Size of the Markets


Foreign Exchange Rates - What are they?

  • Definition
  • Base Currency Perspective & Inverse Rates Sale and Purchases Internal Rate Sheets
  • Bid & Offer


Factors Affecting exchange rates

  • Interest Rates
  • Strength of an Economy
  • Political Environment
  • Trade Balance – Imports & Exports
  • Trade Balance – Surpluses or Deficits
  • Balance of Payments
  • Country’s Reputation & Standing
  • World News
  • Speculators & Proprietary Trading
  • Chartists + Technical Analysts


Coping with Volatile Exchange Rates

  • Effects of Foreign Exchange Movements
  • Profit & Loss
  • Changes in the Value of Assets
  • Spot
  • Forward Rates – Opinion of the Future?
  • Options


Institutional Risks and Their Impact – Strategy + Policy

  • Strategy & Policy
  • Corporate Business or Proprietary Trading
  • Corporate Credit Risk + Risk Weightings
  • Settlement Risk
  • Contingent Liability Risk
  • Operational Risk
  • Board/Senior Management Involvement
  • Implementation


International Payments

  • Correspondent Banking
  • Nostro Accounts
  • Vostro Accounts
  • Reconciliations



1 day


£350 + VAT


Contact: Gerry Ganly


Email:, call +44 (0)7624 490809


Gerry Ganly head shot

Gerry Ganly

Gerry Ganly is an experienced industry practitioner, with skills and knowledge across the financial sectors. He has held senior roles in compliance, cash management and treasury, and relationship management. He has worked in, and consulted with, banks, compliance, CSP and investment environments