The 5th national Currency Hedging Seminar aims to provide organizations with a forward view of the foreign exchange environment, and to review developments in currency risk management, strategy, operations and associated infrastructure.
Featuring leading authorities in foreign exchange analysis and risk management from the country’s foremost financial and educational institutions who will provide strategic insight into expected currency movements to facilitate the forward investment and planning process.
Showcasing an innovative blend of risk management theory with currency hedging products and services available to assist companies in managing their currency risk position
The Seminar will provide expert insight into the current and expected behaviour of the Australian dollar in relation to the currencies of our major trading partners.
Managers, Executives and Operational Specialists with an exposure to, or responsibilities for, the management of foreign exchange risk:
Head of Foreign Exchange,
St George Bank
o Chair Day 1.
School of Finance and Economics, UTS
o Understanding and Valuing Foreign Exchange Risk
St George Bank
o What’s driving the Australian Economy?
Senior Currency Strategist,
o Outlook for the Major Global Currencies.
Global Commodity Analyst,
o Stronger No Longer – The end of the Commodity Super-Cycle?
Financial Services Risk Management.
o FX Dealings & Internal Controls, Compliance & Risk Management.
o To Hedge or Not to Hedge?
Head of Currency,
Macquarie Investment Management
o Dynamic Currency Hedging
Opening Remarks from the Chair. Nathan Lusted – Head of Foreign Exchange, St George Bank
Understanding and Valuing Foreign Exchange Risk. Tiffany Hutcheson – Lecturer, Finance, School of Finance and Economics, UTS
• An introduction to common derivative products with an emphasis on FX
• Understanding the key components of the Black Scholes (1973) and Merton’s (1973) option pricing methodologies
• Other risk valuation methods
• Monitoring and managing currency exposures
What’s driving the Australian Economy? Janu Chan – Economist, St George Bank
• A survey of domestic factors that drive currency volatility
• International economic recovery and the effects of fiscal stimuli
• Sources of potential long-run shocks to regional currencies
• The end of the commodities super-cycle
Outlook for the Major Global Currencies. Sean Callow – Senior Currency Strategist, Westpac
• Emerging risks and trends facing the global currency markets
• The forward outlook for the currencies of Australia’s major trading partners
• Perceptions of the AUD in the global currency market
• Forward outlook for the Australian dollar
Stronger No Longer – The end of the Commodity Super-Cycle? Daniel Morgan – Global Commodity Analyst, UBS
Daniel will review the current and forward outlook for commodity prices and the consequences for the Australian economy. Will improving economic growth in China and the United States, and early signs of European recovery balance the vast levels of new resource supplies coming online, and what are the implications for the Australian currency?
FX Dealings & Internal Controls, Compliance & Risk Management. Partner, Financial Services Risk Management, TBA
• Risk thresholds & FX volatility
• Risk controls & compliance infrastructure in the post GFC environment
• Board level issues for treasury risk management
To Hedge or Not to Hedge. Paul Travers – Executive Director, Oakvale Treasury
• Observations of the currency hedging practices of Australian corporates
• Currency turbulence and risk management performance
• To hedge or not to hedge?
• Outsourcing Forex and Treasury Operations:
– Outsourcing, risk and the bottom line
– Alternative outsourcing options
Dynamic Currency Hedging. Dr Lloyd Alty – Head of Currency, Macquarie Investment Management
• Managing currency risk
• Varying approaches to hedging
• Comparing difference hedging approaches
• Macquarie and currency risk management
Closing Remarks from the Chair.
End of Session Networking Cocktails