UGC Approved Journal no 63975

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 6 Issue 6
June-2019
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIRCK06016


Registration ID:
204615

Page Number

136-144

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Title

Measurement of Foreign Currency Risk Exposure of Top Five BSE Sensex 30 Companies

Abstract

Foreign exchange currency risk exposure is relevant to all firms operating in the market. Every firm faces direct risk exposure from their operations and indirect risk from the competition, interest rates and other factors. Also, in the growing markets, firms look to expand their markets and they are posed with risk from currency exchange rate movements. Thus, it is a necessity for all firms to analyse their risk exposure from time to time and enhance its performance. This paper aims to measure the risk exposure of BSE Sensex 30 companies which have large market capitalisation and the risk exposure is measured with the four most traded currencies. The paper finds that only 16% of the firms faced significant exposure from exchange rate movements. The degree of effect and the currency variables differ from firm to firm due to non-homogeneity of the firms. Large firms usually measure the risk exposure and take appropriate hedging for them. Only US Dollar and Pound have impact on some of the firms

Key Words

Foreign Currency, Exchange Rate, Risk Exposure, BSE Sensex 30, Economic Risk

Cite This Article

"Measurement of Foreign Currency Risk Exposure of Top Five BSE Sensex 30 Companies", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.136-144, June-2019, Available :http://www.jetir.org/papers/JETIRCK06016.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Measurement of Foreign Currency Risk Exposure of Top Five BSE Sensex 30 Companies", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp136-144, June-2019, Available at : http://www.jetir.org/papers/JETIRCK06016.pdf

Publication Details

Published Paper ID: JETIRCK06016
Registration ID: 204615
Published In: Volume 6 | Issue 6 | Year June-2019
DOI (Digital Object Identifier):
Page No: 136-144
Country: -, -, - .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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