Course Overview
The Certificate in Foreign Exchange Management provides foundational knowledge in currency trading, exchange rate mechanisms, and international financial markets. It covers forex strategies, risk management, and regulatory frameworks, preparing professionals for roles in global finance and trading.
Duration:
6 to 12 months depending on the institution and depth of the course.
Syllabus (Semester-wise):
The Certificate in Foreign Exchange Management provides insights into the dynamics of foreign exchange markets, regulatory frameworks, and techniques for managing currency risks. It equips students with practical knowledge of international finance and exchange rate mechanisms.
Semester 1:
Introduction to Foreign Exchange Markets: Overview of foreign exchange markets, key participants, currency pairs, exchange rate systems, and factors influencing exchange rates.
Exchange Rate Mechanism and Currency Trading: Introduction to exchange rate determination, forex quotes, spot and forward rates, currency futures, and options.
Foreign Exchange Regulations in India: Overview of the regulatory framework, including FEMA (Foreign Exchange Management Act) and guidelines issued by the RBI regarding forex transactions.
International Trade Finance: Understanding of cross-border trade transactions, letters of credit, bank guarantees, and the role of banks in facilitating trade finance.
Risk Management in Forex: Techniques for managing foreign exchange risks, including hedging strategies using forward contracts, currency swaps, and options.
Semester 2:
Derivatives in Forex: Use of currency derivatives for hedging purposes. Detailed understanding of futures, options, and other derivative instruments for managing currency risk.
Forex Market Operations: Practical training on currency trading platforms, dealing room operations, settlement of trades, and managing foreign currency accounts.
Capital Account Convertibility: Understanding the concepts of current and capital account convertibility, and the implications for the Indian economy.
Global Financial Markets and Forex: Role of global financial institutions like the IMF and World Bank in forex management, and how geopolitical events influence foreign exchange markets.
Project Work/Internship: Practical application of foreign exchange management concepts through internships or projects focusing on international trade, currency trading, or corporate forex risk management.
Average Fees:
₹25,000 to ₹1,50,000 depending on the institution, location, and resources provided.
Exams to Attend:
Certification typically requires passing internal exams and assessments conducted by the institution. Additionally, for further credentials, students may appear for professional exams such as:
Certified Treasury Professional (CTP) from recognized global institutions.
Certified International Investment Analyst (CIIA) focusing on international finance and forex management.
Ten Most Ranking Institutions Combined Ranking in India:
National Institute of Securities Markets (NISM), Mumbai
Indian Institute of Foreign Trade (IIFT), New Delhi
Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad
Indian School of Business (ISB), Hyderabad
Symbiosis Institute of Business Management (SIBM), Pune
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
Bombay Stock Exchange (BSE) Institute Ltd., Mumbai
Amity University, Noida
ICICI Manipal Academy for Banking and Insurance, Bangalore
Xavier Institute of Management, Bhubaneswar
Top Ten Institutions in Kerala:
Rajagiri Business School, Kochi
Cochin University of Science and Technology (CUSAT), Kochi
Mahatma Gandhi University, Kottayam
Kerala University, Thiruvananthapuram
St. Joseph’s College, Devagiri, Kozhikode
Sacred Heart College, Ernakulam
Farook College, Kozhikode
St. Teresa’s College, Kochi
Mar Ivanios College, Thiruvananthapuram
St. Albert’s College, Ernakulam