## Overview

Our free ACCA AFM Risk Management: Foreign Exchange and Interest Rates notes cover everything you need to know for this module. From risk identification to derivative instruments and hedging strategies, we've got you covered. Whether you're intensively reviewing or looking to solidify specific concepts, these notes provide added peace of mind, knowing that you have a comprehensive resource to help consolidate and revise effectively for ACCA AFM. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

We've created detailed study guides for all ACCA AFM topics. Check out our other free notes below:

- [Strategic Financial Management and Professional Issues](./acca-afm-strategic-financial-management-and-professional-issues)
- [Advanced Investment Appraisal](./acca-afm-advanced-investment-appraisal)
- [Real Options and Strategic Investment Decisions](./acca-afm-real-options-and-strategic-investment-decisions)
- [Business Valuation and Corporate Transactions](./acca-afm-business-valuation-and-corporate-transactions)
- [Mergers, Acquisitions, and Restructuring](./acca-afm-mergers-acquisitions-and-restructuring)
- [Capital Structure, Financing, and Payout Policy](./acca-afm-capital-structure-financing-and-payout-policy)
- [International Finance and Treasury Management](./acca-afm-international-finance-and-treasury-management)
- [Risk Management: Foreign Exchange and Interest Rates](./acca-afm-risk-management-foreign-exchange-and-interest-rates)
- [Working Capital and Short-term Finance](./acca-afm-working-capital-and-short-term-finance)
- [Performance Measurement and Value Creation](./acca-afm-performance-measurement-and-value-creation)

## 1. Risk identification and measurement

- [Transaction, Translation, and Economic Exposure](./acca-afm-risk-identification-and-measurement-transaction-translation-and-economic-exposure)
- [Interest Rate Risk, Duration, and Repricing Gaps](./acca-afm-risk-identification-and-measurement-interest-rate-risk-duration-and-repricing-gaps)
- [Value at Risk and Stress Testing](./acca-afm-risk-identification-and-measurement-value-at-risk-and-stress-testing)

## 2. Derivative instruments and pricing basics

- [Forwards and Futures: Pricing and Basis Risk](./acca-afm-derivative-instruments-and-pricing-basics-forwards-and-futures-pricing-and-basis-risk)
- [Options: Payoffs, Greeks, and Intrinsic versus Time Value](./acca-afm-derivative-instruments-and-pricing-basics-options-payoffs-greeks-and-intrinsic-versus-time-value)
- [Swaps: Interest Rate and Currency Structures](./acca-afm-derivative-instruments-and-pricing-basics-swaps-interest-rate-and-currency-structures)

## 3. Hedging strategies and effectiveness

- [Money Market Hedges and Forward Cover](./acca-afm-hedging-strategies-and-effectiveness-money-market-hedges-and-forward-cover)
- [Options Strategies: Collars, Caps, and Floors](./acca-afm-hedging-strategies-and-effectiveness-options-strategies-collars-caps-and-floors)
- [Hedge Performance Measurement and Accounting Impacts](./acca-afm-hedging-strategies-and-effectiveness-hedge-performance-measurement-and-accounting-impacts)

Free ACCA AFM Risk Management: Foreign Exchange and Interest Rates Study Guide