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).
Related Articles
Practical insights on FX hedging, currency risk, and international finance from the HedgeFlows team.
The FX Blindspot Costing Millions in Budget Planning
Most CFO teams plan budgets with a single FX rate assumption. Here's why that's dangerous— and what to do about it before finalising your 2026 plan
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Hedging or Gambling: A 300-Year-Old Lesson for Modern FX Markets
The line between prudent risk management and gambling can seem frustratingly blurry. This history lesson can help settle the debate.
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The CFO's Guide to Choosing FX Providers: Banks vs Brokers vs Fintechs
Complete FX provider comparison guide for CFOs. Compare banks vs FX brokers vs fintechs like Wise. Learn how to choose the right FX provider for your SME with our detailed comparison table and decision matrix.
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FX Uncertainty: Why Financial Planning & Treasury Must Work Hand-in-Hand
FP&A and treasury teams must work in tandem. Collaborative action is the only way businesses can build resilience amid today’s ongoing market turbulence.
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Measuring currency risks - what is behind CFaR and its cousins
To determine whether managing currency risk is worthwhile, it’s essential to understand exactly what you’re protecting against.
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FX Hedging Is a Journey with a Destination
The importance of setting clear objectives, regularly reviewing strategies, and aligning with market conditions to achieve long-term growth and resilience.
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5 Do's and Don'ts When Hedging for the First Time
Beginner's guide to FX hedging. Learn 5 mistakes to avoid and 5 best practices to follow when managing foreign exchange risk for your business.
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FX Hedging - the “seat belt” paradox
FX hedging is as popular with many smaller businesses as the seat belt in the 1960s. Without proper education and frameworks SMEs perceive it as useless
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FX Averaging - pros and cons for your currency hedging
FX Averaging can be an effective strategy for short-term FX risks, but it should be used with caution for longer-term exposures. We explain why
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How to deal with foreign currency risks when raising capital overseas
Raising funding from overseas investors brings more complexity to your finances and accounting. Read more on how to manage such risks.
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Stuck on hurdle track towards better FX management?
Learn how to simplify your FX risk management with these three key steps - prepared by experts from HedgeFlows
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FX Hedging is not Gambling
Demystifying FX hedging strategies. Discover why hedging is crucial for businesses of all sizes and gain practical tips for successful implementation.
Read moreKey Terms Explained
Clear definitions of the FX and hedging terminology you need to know.
Practical Resources
Help articles and product features to put your FX knowledge into practice.