{"id":3006,"date":"2022-01-17T17:23:33","date_gmt":"2022-01-17T16:23:33","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=3006"},"modified":"2024-11-09T11:58:33","modified_gmt":"2024-11-09T10:58:33","slug":"menove-riziko-vam-muze-snizit-vynosy-z-investic","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/menove-riziko-vam-muze-snizit-vynosy-z-investic\/","title":{"rendered":"M\u011bnov\u00e9 riziko, v\u00e1m m\u016f\u017ee sn\u00ed\u017eit v\u00fdnosy z investic"},"content":{"rendered":"

M\u011bnov\u00e9 riziko<\/strong> vypl\u00fdv\u00e1 p\u0159edev\u0161\u00edm z pod\u00edlu podniku na zahrani\u010dn\u00edm obchodu, investov\u00e1n\u00ed do akci\u00ed, realizace v\u011bcn\u00fdch nebo kapit\u00e1lov\u00fdch investic v zahrani\u010d\u00ed, p\u0159\u00edpadn\u011b ze z\u00edsk\u00e1v\u00e1n\u00ed dluhov\u00e9ho financov\u00e1n\u00ed v ciz\u00edch m\u011bn\u00e1ch. V posledn\u00edch letech lze na m\u011bnov\u00fdch trz\u00edch pozorovat vysokou prom\u011bnlivost, kter\u00e1 m\u016f\u017ee nep\u0159\u00edzniv\u011b ovlivnit finan\u010dn\u00ed v\u00fdsledky nebo konkurenceschopnost firmy.<\/p>\n

Pokles p\u0159\u00edjm\u016f z exportu, vy\u0161\u0161\u00ed n\u00e1klady na importovan\u00e9 suroviny \u010di zbo\u017e\u00ed, nebo r\u016fst n\u00e1klad\u016f na spr\u00e1vu dluh\u016f \u2013 to jsou nej\u010dast\u011bj\u0161\u00ed probl\u00e9my, ke kter\u00fdm m\u016f\u017ee v\u00e9st nespr\u00e1vn\u00fd p\u0159\u00edstup k \u0159\u00edzen\u00ed finan\u010dn\u00edho rizika. S N\u00e1r\u016fst-rozb\u0159edl\u00fdm popularitou \u00fav\u011br\u016f v ciz\u00edch m\u011bn\u00e1ch se probl\u00e9m m\u011bnov\u00e9ho rizika st\u00e1le \u010dast\u011bji t\u00fdk\u00e1 tak\u00e9 fyzick\u00fdch osob.<\/p>\n

Co je m\u011bnov\u00e9 riziko<\/h2>\n

M\u011bnov\u00e9 riziko lze popsat jako mo\u017enost, \u017ee dojde ke zm\u011bn\u011b hodnoty jednotliv\u00fdch slo\u017eek majetku, akci\u00ed, pen\u011b\u017en\u00edch tok\u016f nebo z\u00e1vazk\u016f v d\u016fsledku zm\u011bn m\u011bnov\u00e9ho kurzu.<\/strong><\/p>\n

Vezmeme-li v \u00favahu v\u00fd\u0161e uvedenou definici, \u0159\u00edzen\u00ed m\u011bnov\u00e9ho rizika de facto znamen\u00e1 omezen\u00ed mo\u017en\u00fdch odchylek v hodnot\u011b jednotliv\u00fdch slo\u017eek majetku nebo z\u00e1vazk\u016f od jej\u00ed pl\u00e1novan\u00e9 nebo o\u010dek\u00e1van\u00e9 v\u00fd\u0161e. Tento c\u00edl lze dos\u00e1hnout d\u00edky zaji\u0161\u0165ovac\u00edm transakc\u00edm s vyu\u017eit\u00edm finan\u010dn\u00edch deriv\u00e1t\u016f.<\/p>\n

Z\u00e1kladn\u00edm c\u00edlem \u0159\u00edzen\u00ed m\u011bnov\u00e9ho rizika je stabilizace hodnoty budouc\u00edch pen\u011b\u017en\u00edch tok\u016f<\/strong> v ciz\u00edch m\u011bn\u00e1ch na \u00farovni, kter\u00e1 je n\u00e1m v sou\u010dasn\u00e9 dob\u011b zn\u00e1ma, je p\u0159esn\u011b ur\u010dena a kterou akceptujeme. Pokud jde o p\u0159\u00edstup k \u0159\u00edzen\u00ed rizika, rozli\u0161ujeme dv\u011b koncepce na konzervativn\u00ed p\u0159\u00edstup a aktivn\u00ed p\u0159\u00edstup.<\/p>\n

Jak \u0159\u00eddit m\u011bnov\u00e9 riziko<\/h2>\n
    \n
  • Konzervativn\u00ed p\u0159\u00edstup:<\/strong> je spojen s pln\u00fdm zaji\u0161t\u011bn\u00edm m\u011bnov\u00e9 pozice tak, aby zm\u011bny m\u011bnov\u00e9ho kurzu nevedly ke zm\u011bn\u00e1m v hodnot\u011b pen\u011b\u017en\u00edch tok\u016f. T\u00edm zp\u016fsobem m\u016f\u017eeme ji\u017e dnes, nez\u00e1visle na kol\u00eds\u00e1n\u00ed m\u011bnov\u00fdch kurz\u016f, stanovit ve st\u00e1tn\u00ed m\u011bn\u011b hodnotu pohled\u00e1vek, budouc\u00edch plateb nebo \u00fav\u011brov\u00fdch spl\u00e1tek.<\/li>\n
  • Aktivn\u00ed p\u0159\u00edstup:<\/strong> \u0159\u00edzen\u00ed m\u011bnov\u00e9ho rizika m\u016f\u017ee m\u00edt formu aktivn\u00edho \u0159\u00edzen\u00ed m\u011bnov\u00e9 pozice. V takov\u00e9m p\u0159\u00edpad\u011b se v\u011bdom\u011b rozhodujeme pro \u010d\u00e1ste\u010dn\u00e9 nebo \u00fapln\u011b zastaven\u00ed m\u011bnov\u00e9 expozice a \u010dek\u00e1me na v\u00fdhodnou zm\u011bnu kurzu. K zaji\u0161t\u011bn\u00ed pozice (i \u00fapln\u00e9mu) m\u016f\u017ee doj\u00edt ve chv\u00edli, kdy zjist\u00edme, \u017ee je pro n\u00e1s \u00farove\u0148 m\u011bnov\u00e9ho kurzu v\u00fdhodn\u00e1.<\/li>\n<\/ul>\n

    V\u00fdhody<\/h2>\n

    Eliminace nebo omezen\u00ed vlivu zm\u011bn m\u011bnov\u00fdch kurz\u016f na p\u0159\u00edjmy nebo n\u00e1klady, zlep\u0161en\u00ed podm\u00ednek pro pl\u00e1nov\u00e1n\u00ed a \u0159\u00edzen\u00ed likvidity, a tak\u00e9 eliminace dodate\u010dn\u00fdch finan\u010dn\u00edch n\u00e1klad\u016f, mo\u017enost vyu\u017e\u00edt aktu\u00e1ln\u00ed a v\u00fdhodn\u00e9 kurzy m\u011bn k ur\u010den\u00ed hodnoty budouc\u00edch pen\u011b\u017en\u00edch tok\u016f.<\/p>\n","protected":false},"excerpt":{"rendered":"

    M\u011bnov\u00e9 riziko vypl\u00fdv\u00e1 p\u0159edev\u0161\u00edm z pod\u00edlu podniku na zahrani\u010dn\u00edm obchodu, investov\u00e1n\u00ed do akci\u00ed, realizace v\u011bcn\u00fdch nebo kapit\u00e1lov\u00fdch investic v zahrani\u010d\u00ed, p\u0159\u00edpadn\u011b ze z\u00edsk\u00e1v\u00e1n\u00ed dluhov\u00e9ho financov\u00e1n\u00ed v ciz\u00edch m\u011bn\u00e1ch. V posledn\u00edch letech lze na m\u011bnov\u00fdch trz\u00edch pozorovat vysokou prom\u011bnlivost, kter\u00e1 m\u016f\u017ee nep\u0159\u00edzniv\u011b ovlivnit finan\u010dn\u00ed v\u00fdsledky nebo konkurenceschopnost firmy. Pokles p\u0159\u00edjm\u016f z exportu, vy\u0161\u0161\u00ed n\u00e1klady na importovan\u00e9 […]<\/p>\n","protected":false},"author":1,"featured_media":3007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"M\u011bnov\u00e9 riziko v\u00e1m m\u016f\u017ee sn\u00ed\u017eit zisky z va\u0161ich investic. Investice do zahrani\u010dn\u00edch akci\u00ed v USA nebo v Evrop\u011b, v\u017edy zahrnuje i m\u011bnov\u00e9 riziko.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[194],"tags":[],"class_list":["post-3006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-akcie"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/3006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=3006"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/3006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/3007"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=3006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=3006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=3006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}