ANTICIPATIVNO UPRAVLJANJE DEVIZNIM RIZIKOM U VANJSKOTRGOVINSKOM POSLOVANJU - ANTICIPATIVE MANAGEMENT OF A CURRENCY RISK IN FOREIGN TRADE
Journal Title: EMC Review: Časopis za ekonomiju i tržišne komunikacije - Year 2016, Vol 6, Issue 1
Abstract
Foreign trade is an exchange of material and non-material goods across international borders and territories. Every business, including international trade, is exposed to risks due tos udden and unexpected events. Those who are in charge of negotiating business deals, have to beprepared for eventual risks that may occure and lead to a descrease in operating income. The goal of a company is not to completely eleminate risks, as they are directly connected with a profitability of the company itself. Risks should be managed. Every company has to set up a system that will manage risks in order not to have extremely high financial losses. One of the riskst hat affects foreign trade is a currency risk. A risk management system must prevent a possible currency risk, since managing risks is a prerequisite for successful sustained business. However, circumstances which directly aff ect external trade operations can’t be predicted in every case.The main goal of this work is to determine how a currency risk is occured and explore theways of a currency risk management in order to prevent financial losses of the companies that participate in foreign trade. Vanjskotrgovinsko poslovanje predstavlja razmjenu materijalnih i nematerijalnihdobara sa inostranstvom. Zbog iznenadnih i neočekivanih događaja svako poslovanje, pasamim tim i vanjskotrgovinsko je izloženo velikom broju finansijskih rizika. Učesnici kojiugovaraju posao moraju se pripremiti za eventualnu mogućnost pojave određenih rizika kojidovode do smanjenja poslovnih prihoda. Cilj preduzeća nije da u potpunosti eliminiše rizike,jer su rizici direktno povezani sa profi tabilnošću preduzeća. Rizicima treba upravljati. Svakopreduzeće mora da uspostavi sistem upravljanja rizicima kako ne bi trpilo ogromne finansijskeubitke. Jedan od rizika koji pogađa vanjskotrgovinsko poslovanje jeste rizik promjene deviznog kursa, odnosno devizni rizik. Sistem upravljanja rizicima mora preduprijediti mogući devizni rizik, jer je upravljenje rizicima preduslov za stabilno poslovanje u kontinuitetu. Međutim, okolnosti koje neposredno utiču na odvijanje vanjsko trgovinskog poslovanja unekim slučajevima se mogu predvidjeti, u nekim ne. Cilj ovog rada je utvrditi kako dolazi do deviznog rizika i istražiti načine, odnosno metodekako preventivno upravljati deviznim rizikom da preduzeća koja učestvuju u vanjsko trgovinskom poslovanju ne bi poslovala sa gubitkom.
Authors and Affiliations
Zvezdana Majstorović
MACROECONOMIC MOVEMENTS OF THE WESTERN BALKAN COUNTRIES ECONOMY
Th e aim of this research is to determine based on a statistical analysis of the macroeconomic trends, the achieved level of recovery and development in the economy of the Western Balkan countries after 2008. In the glob...
VERTIKALNI MENADŽMENT U FUNKCIJI PRODAJE -VERTICAL MANAGEMENT IN THE FUNCTION OF SALES
In this paper we have exposed the managerial vertical integration between production and sales companies in the functional marketing channels in order to successfully meet the needs of the end customer and higher profits...
THE IMPORTANCE OF CULTURE IN INTERNATIONAL MARKETING
International business in general, especially the international marketing represents not just economic but also cultural and social phenomenon. The purpose of this work is to show theoretically the all aspects of culture...
KORPORATIVNO UPRAVLJANJE I ORGANIZACIJSKA KULTURA
Međuodnos korporativnog upravljanja i organizacijske kultue je oduvijek postojao. Korporativno upravljanje je prisutno u velikim organizacijama, koje u BiH nazivamo dioničkim društvima. Proces rada organizacije, isplate...
THE ANALYSIS OF NET POSITIONS OF THE NEW EU MEMBERS STATES IN THE EU BUDGET
Debate on the member states’ share in revenues and expenditures of the joint budget, that is, net positions of the countries in the EU budget, has been ongoing since the formation of EU. In that sense, the redistributive...