Organizational aspects of analysis in the management process at the stage of identification of currency risks

Abstract

The article discoveres how organizational aspects of currency risk analysis are considered in the scientific literature. In the course of the study, directions were provided for the development of organizational support for the analysis of currency risks. In analyzing currency risk identification, analytic actions and techniques, that could be used to manage risks, were systematized systematic. The conducted study allowed to construct a model for determining currency risk in the enterprise management system, which takes into account all the described phases of this stage. The article describes a general approach to the implementation of this stage, which should be taken into account when developing a currency risk register. The proposed form of the register was given, it takes into account the features of currency risk identification. The risks are analyzed in accordance with the standards of risk management that can be transformed and applied to different types of currency risks that arise at enterprises engaged in foreign trade operations in foreign currency. We consider it expedient to present a description of currency risks by types of risks, since not all of them should use management methods. This allowed to build the structure of the document which invited companies to write records on the description of identified types of currency risk. The schematic representation of the Currency Risk Measurement Card using the Value at Risk evaluation is given.

Keywords

• currency risks
• enterprise management
• economic analysis
• risk management
• currency risk analysis