Política de redução do risco cambial por meio de derivativos: análise amostral de empresas brasileiras

Abstract

This study aims to verify through a sample of four companies the use of derivatives as a control tool of currency risk. The relevant information on the capital market will be presented, how it is made and what is negotiated. The main foreign exchange derivatives and the use by companies in the course of 5 (five) years. For companies that have business in the overseas market the influence of changes in exchange rates creates a big risk on their assets and the way they deal with this risk will guide your winnings. Hedge operations are common in multinational companies and derivatives such as swaps and currency futures contracts constitute a strategy to combat currency risk. This paper will present the results drawn from the financial statements of four companies and you can check themselves to use the capital markets for this purpose and identify the growth of this strategy in domestic companies.