How the Foreign Exchange Market Works

Overview
Objectives & Outline
Methodology
Participant Profile
Trainer

Overview

PROGRAMME DETAILS
DATE
14 – 15 Jun 2021
TIME
9:00 AM – 5:00 PM
VENUE
Online Learning
The goal of this two-day workshop is to provide the participants with the understanding of the workings of the Foreign Exchange market.

The programme brings the participants through the background of how the world arrives at the current floating-rate regime, the factors that influence exchange rates, the risks posed by exchange rates fluctuations to business, and finally in financial instruments employed to hedge these exchange risks.

This programme comes with case studies and group exercises on recent FOREX events to familiarise the participants with how the theories and technicalities work in real life.
LEARNING LEVEL
Foundation
PROGRAMME FEE
AICB MEMBER
MYR
2,200*
/ PAX
NON-MEMBER
MYR
2,500*
/ PAX
*Subject to 6% Service Tax
Register now
Objectives & Outline
LEARNING OBJECTIVES
By the end of the programme, participants will be able to:

Identify and understand Foreign Exchange Risks
Know the factors that influence foreign exchange, and in particular:
Understand what the relationship between balance of payments and exchange rates
Understand how monetary and fiscal policies affect exchange rates
Understand how the central banks fix exchange rates and intervene in forex markets
Understand how Carry Trades impact exchange rates
Understand how Forward Foreign Exchange Rates are determined
Understand how Forward Foreign Exchange Swap works
Understand how a Currency Swap works
Gain knowledge on how the various hedging instruments are used
Understand the underlying FOREX concepts in recent events in the markets.
PROGRAMME OUTLINE
Overview of the Foreign Exchange Market
Definition and description

Risks in foreign exchange exposures. The impacts of such financial risks on the survival of a business entity.

Participants in the FOREX market

The background on how the world arrives at the current floating rates regime
From the Gold Standard, to the Bretton Woods System, to Plaza and Louvre Accords, to BREXIT.

How the Exchange Rate is determined in the short run

How the Exchange Rate is determines in the long run

Factors that influence the foreign exchange market – going through the list of how each one impacts the exchange rates.

Specifically:
The relationship between the Balance of Payments and the Exchange Rates.
How Monetary and Fiscal Policies affect the exchange rates.
How central banks fix the exchange rate and intervene in the forex markets.
The importance of Foreign Currency Reserves.
The role of Carry Trades – how they work and how they impact the emerging markets.
Quantitative Easing – how it comes about, and how it impacts the forex markets.

How Exchange Rates are quoted
Base Currency and Counter Currency
Bid and Offer Rates
Cross Rates
Forex Market Convention
Why do we need cross rates

Foreign Exchange hedging instruments, and how they work
Forward Contract
Forward Foreign Exchange Swap, and why we need it
Currency Swap
Non-Deliverable Forward

Specifically:
How the Forward Rate is arrived at.
The composition of the Forward Foreign Exchange contract

Group Exercise – Currency Forward Contract
What is a Currency Board? How does it work?
What is Dollarization?

Case Studies
Why is the US dollar the central vehicle currency for cross rates in foreign exchange trading?
Dissecting the Asian Financial Crisis – and how Malaysia had gone through it. How currency control works?
Why China cannot float its exchange rate.
The functions and purpose of the IMF, and its controversial “conditionalities”.
How the Non-Deliverable Forward (NDF) is used to attack a currency. A case study on the Taiwanese experience.
How and why the Implosion of the Subprime Crisis actually strengthened the USD.
How the South Koreans Played the won-dollar carry trade game.

Group Discussions & Case Studies
If the Hong Kong dollar were to be unpegged due to the prolonged protests, through what channels would this take place?
Why is the Hong Kong dollar exchange rate so strong in January 2020, despite the prolonged protests?
No right time for strong ringgit
Does a cheap currency always boost growth? A study on 44 countries
What explains the longevity of the US-dollar-centred monetary system?
Can a strong currency get attacked?
Methodology
Online lecture, including PowerPoints/slides presentations, lecture, whiteboards, the internet, case studies, group discussions, quizzes, MCQs.

Technical Requirements:
Desktop, notebook or tablet with camera, speaker and microphone
Internet access
Conference platform: Zoom
Participant Profile

This course is applicable to bank treasury officers, business units’ relationship managers and credit analysts whose clients are business enterprises facing the vicissitudes of the foreign exchange rate fluctuations. It gives the RM and analyst an understanding on how their client’s business is impacted and what are the hedging options.

The course is also applicable to Wealth Management relationship managers. It gives an understanding on how forex risks affect the structured products they sell to their clients and how the client’s investments are thus impacted.
Trainer

Yeow Tiang Hui

Yeow Tiang Hui graduated in Economics from the National University of Singapore where he studied International Finance, Banking & Monetary Economics. He obtained his further training in banking and finance from the Institute of Banking & Finance in Singapore, Deutsche Bank Asia Pacific, and Citibank Asia Pacific Banking Institute, where he studied Credit & Financial Analysis, Applied Financial Services, International Trade Finance, Corporate Finance, and Financial Derivative Products.

He has 33 years of experience in banking and investment, having first worked with the small and medium enterprise clients in United Overseas Bank and Citibank N.A. , Singapore. Thenceforth, he moved on to manage the multinational accounts in Deutsche Bank AG, then the large local corporate clients in Citibank/Citicorp Malaysia, where he was also the Vice President in the venture capital outfit, and the Head of Commercial Banking.

From 1997 to 2005, he served as head of the offshore banking business of the French banking group Crédit Industriel et Commercial. The coverage was Malaysia, the Greater China and the Philippines.

From 2007 till 2016, he has served as the Head of Corporate Banking Kuwait Finance House. And in 2012, he set up the client coverage team, housed under the Investment Banking Division.

His last position was the Chief Executive Officer of Alkhair International Islamic Bank Bhd.

He is fluent in (written and spoken) Chinese, English, Malay and the Indonesian languages. Having worked in Singapore, American, German, French, Middle Eastern and Malaysian environments.

I'm Applying For

Programme Details

Select Programme

Please select a time slot.

FULL NAME *
(As per NRIC/Passport)

New NRIC No/Passport No*

Nationality*

Email*

Contact No*

Job Title/ Designation*

Department*

Company Name*

Mailing Address*

City*

Postcode*

Country*

Payment Method*

Offline Online (iPay88)

Fees *
(Subject to 6% Service Tax)

Non-Member: RM1,590.00

AICB Membership No
(If applicable)

Special Remarks
(If applicable, please fill in your FMAM (PPKM) membership number here)

Upload Payment Receipt or Form*
(.pdf, .jpeg and .png only)

By ticking this box, I hereby acknowledge and agree that I have read ABS’ Personal Data Protection Notice, and I consent to the use and processing of my personal data by ABS in the manner as set forth in the said notice. I also understand and accept the terms and conditions of this registration.

*Required fields

Captcha validation failed.

Submit

Please confirm your submission

I'm Applying For

Programme Details

FULL NAME
(As per NRIC/Passport)

New NRIC No/Passport No

Nationality

Contact No

Job Title/ Designation

Department

Company Name

Mailing Address

City

Postcode

Country

AICB Membership No

Special Remarks
(If applicable, please fill in your FMAM (PPKM) membership number here)

Payment Method

Fees

Unit Price:
Tax (%):
Total:

Please take note that this amount will be reflected in Malaysian Ringgit (MYR) in the iPay88 Payment Gateway based on the daily foreign currency exchange rate.

Fees in MYR

Unit Price:
Tax (%):
Total:

Back Confirm

Thank you for your submission. You should receive an automated email shortly at the email address you provided if the submission had gone through successfully. If you do not receive the email, please contact us at +603 2701 7822 or email training@asianbankingschool.com.

We are now redirecting you to payment gateway. Please do not close or refresh this page. Thank you.

There are currently no upcoming Programme slots.
Please email us here or call us at +603 2701 7822 if you want to check on future slots.

No Results Found

Title
Date Range
CourseLevelTitle
CourseType
CourseName