FX & Treasury Academy
Free, in-depth guides to help you understand foreign exchange, manage currency risk, and build treasury best practices. Written by experts with 40+ years of institutional experience.
Nine guides taking you from FX fundamentals to building a complete hedging programme. Start anywhere — each guide stands alone — or follow the path from beginner to advanced.
Foreign Exchange 101
What is an FX transaction? How do FX markets work? What are different types of currencies and what moves them?
FX Markets & Financial Instruments
Where do FX prices come from? What are spot, forward, swap, and option contracts? How to access FX markets at any business size.
Paying Overseas for Growing Businesses
Payment methods, hidden FX costs, manual process risks, and fraud prevention for international payments.
Currency Management for Growing Businesses
A structured approach to identifying, quantifying, and managing FX risks as your international business scales.
Balance Sheet Hedging
How to set hedging objectives, design a process, and manage FX risks that affect your balance sheet and reported earnings.
Mastering FX Cashflow Hedging
Understand the difference between cashflow and balance sheet hedging, and build a framework to protect your future revenues and costs.
How to Construct a Hedging Programme
A 10-step guide to building an effective FX hedging programme that fits your business and gets stakeholder buy-in.
Emerging Market FX
Managing currency risk in high-growth economies — from capital controls and volatile currencies to NDFs and trapped cash.
Structured FX Products
Participating forwards, accumulators, TARFs, and knock-in/knock-out structures — what they are, how they work, and when they make sense.
Written by the HedgeFlows advisory team — 40+ years of institutional FX and treasury experience from Standard Chartered, Merrill Lynch, and Bank of America. FCA regulated (Firm Reference: 1008699).