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Fundamentals of Effective Foreign Currency Management

Structure Duration One day
Time 9am - 5pm
Commencement Date 30 Aug 2018
19 Dec 2018

COURSE FEE (NON-MEMBER): S$513.60* (including 7% GST)
S$436.56* (including 7% GST)
* Members enjoy a 15% discount before GST
* Group Discount (3 or more participants) - 10%


    SDF Grant Amount: S$14.00
    SDF Course Code: 

SkillsFuture Credit

(Individual Singaporean aged 25 and above)
Pre-approved SkillsFuture funding of S$500.00
Click HERE for more info on SkillsFuture.


Whether it is a domestic firm or multinational corporation, managing foreign exchange is important. The appreciation or depreciation of foreign currency affects the firm’s profitability and liquidity.

An appreciation of how international trade, business, economic and political developments could impact the exchange rate movement is critical in business strategic planning and control. Therefore, managers and executives in all functions should understand how to interpret the exchange rate, understand how the foreign exchange market works, and introduce effective tools and techniques in managing foreign currencies.

  Key Takeaways

Upon completion of this workshop, participants will be able to;

Understand the fundamentals of business activities
- Identify administrative/ finance functions that are critical to business operations
- Develop a checklist to handle administrative/ finance functions
- Learn the fundamentals of GST and Tax filing according to statutory compliance

  Who Should Attend

Managers and executives who are not involved in foreign currency dealings and management, but who need to know how foreign exchange work, and apply currency related techniques when making business decisions.

  Programme Outline
  1. Introduction to Foreign Exchange
    - Why firms go international
    - Types of overseas operations
    - Differences between domestic and multinational financial management
    - Current development impacting on foreign currencies
  2. Currency Risk Management
    - Financial strategies to guard against foreign currency depreciation
    - Impacts of Changes in Foreign Exchange Rates
    - How to forecast foreign exchange rate
  3. Interpreting Foreign Exchange Rate
    - Spot rate
    - Forward exchange rate
    - Direct quote versus indirect quote
    - Differentiation between foreign currency appreciation and depreciation
    - Bid and ask quotations
  4. Arbitrage and Hedging
    - Two currency arbitrage
    - Three currency arbitrage
    - Interest rate parity condition and covered interest arbitrage
    - Purchasing power parity conditionaccounts


This workshop uses practical exercises to demonstrate the interpretation of foreign exchange rate, and determine the extent of currency appreciation and depreciation. Methods and techniques of managing foreign currency in business operations will be discussed.

Note: Participants are required to bring calculators.

  Programme Trainer

Kaim Soon is a corporate trainer specialising in accounting and financial management.His past appointments include careers in financial control and general management in the banking, insurance, retail and manufacturing industries. He has held management positions as a Financial Controller and a Director for manufacturing companies. He was also in-charge of the group and subsidiaries’ accounting, finance, and investing projects and management, including reporting to the board and statutory bodies in Singapore, Malaysia, Hong Kong, Indonesia.

He holds a Bachelor degree (honours) in Business Administration from the National University of Singapore majoring in finance and investment. He is a fellow member of the Chartered Association of Certified Accountants, UK and has obtained his MBA at the Helsinki School of Economics, Finland.


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