Estratégias com instrumentos de hedge cambial no mercado de derivativos

Abstract

It is evident that there is a great use of hedging through derivative instruments in operations involving interest rates, commodities and, especially, exchange rates. Considering that the main interest is the minimization of financial risks, the present study aimed to identify the main exchange rate protection mechanisms used in the derivatives market to mitigate the financial losses that may occur, particularly due to exchange rate variation. Guided by the question: what are the main strategies with foreign exchange hedging instruments used to protect against the risks of financial loss arising from exchange rate variation in the derivatives market? To this end, exploratory bibliographic research was used. For data collection, the Brazilian Digital Library of Theses and Dissertations (BDTD) coordinated by the Brazilian Institute of Information in Science and Technology (IBICT) was used. As the main result of the research has main instruments are used in hedge strategies, forward, futures and swaps contracts and the main focus in the application of the hedge theory in the management of financial risks with the use of derivatives is to obtain the best combination between risk and return, being the time available to the agent in the market, the factor that most influences this combination.