Objectives :

  • Give participants a comprehensive knowledge of the foreign exchange market.
  • Provide participants with basic understanding of spot FX dealing terminology and the ability to apply (spot exchange rate quotations, cross rates, net FX spot position)
  • Enable participants to calculate and apply forward FX rates , and understand how forward rates are quoted, also to understand the relationship between forward rates and interest rates.
  • Give participants a comprehensive knowledge about the techniques of margin trading.
  • Acquiant participants with the principal risks in foreign exchange market, and how to hedge against foreign exchange risk.                                                                   

Contents :

  • History of foreign exchange market.
  • Recent foreign exchange development.
  • Market participants in the foreign exchange markets.
  • What is foreign exchange rate and why does it exist ?
  • How to predict exchange rate fluctuations ?
  • Major currencies in foreign exchange market.
  • Kinds of foreign exchange market.
  • Spot market.
  • Position.
  • Cross rates.
  • Forward foreign exchange market.
  • Margin trading.
  • Types of orders.
  • Risks of dealing in foreign currencies.
  • Instruments for hedging against the exchange rate risk.

The Central Bank of Jordan began in 1965 to study the necessary means of setting up a team for theoretical and practical training aimed at promoting human cadres of the banking and financial sector and study its employees needs and satisfy their desires to advance their scientific and practical abilities . These efforts culminated in the creation of the Institute of Banking Studies in accordance with Article (37) Paragraph (d) of the Central Bank of Jordan Law and in accordance with the Institute,s Articles of Association No. (69) issued on 1970. The Institute   was   officially   inaugurated on   October 9, 1971 and was housed then at the Central Bank,s premises.

In the early 1990,s , the  Institute  witnessed a new stage ; the construction of the Institute,s permanent   headquarter   in  Tla,a  Al  Ali ,  a suburb of the capital  Amman . The complex was constructed on an eight dunums plot of land and comprised of administration units, academic and training activities halls, library, laboratories, cafeteria, health clinic and a multipurpose hall. Also , the Institute has two branches, one in Irbid and the other in Aqaba.  The purpose of  these  branches is to widen the distribution of academic and training activities conducted  by the Institute to cover the various regions of the Kingdom.

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