Applying Analytical Supportin Foreign Exchange Policy as a Basis for Efficient Enterprise Management

Abstract

In the article the justification of the value of the analysis of currency risks in the system of an enterprise's activity management was conducted through highlighting the features of the development of foreign exchange policy of the business entity. On the basis of the suggested mechanism of foreign exchange policy formation of the entity engaged in foreign economic activities the expediency of the management of currency risks in the enterprise was proved. The role of currency risk analysis in the process of managing them was determined, taking into account organizational and methodical aspects of analytical support at each stage of currency risk management. The forms of documentary support of the process of currency risk management were developed - conditions as well as maps of currency risk, calculation of the currency position of the enterprise, description of identified types of currency risk, providing reliable, timely and operational information for efficient management of the enterprise's activity. The conducted research is both theoretical (identification of the object, subject and tasks of the analysis of currency risks), as well as practical value (improvement of the process of documentation at the stages of currency risk management) in the development of the analytical support of currency risks.