سياسات تغطية مخاطر سعر الصرف في البنوك دراسة ميدانية لبنك الجزائر الخارجي خالل 2011-2

Abstract

The exchange rate is considered as a sensitive variable in any economy because of the different aspects it affects the economy with. This study aims to show the relationship between the fluctuations of the EUR/DZD and USD/DZD exchange rates, foreign transactions and foreign exchange returns in commercial banks. This study aims to show as well how banks deal with foreign exchange risk resulting from exchange rates fluctuations. We will focus on the Algerian Exterior Bank during the period 2011-2016 which was marked by a huge and constant decrease in value of the Algerian dinar. The results show that there is a strong linear relation between the fluctuations of the exchange rates and the foreign exchange returns, while there is no linear relation between the volume of foreign transactions and exchange rates fluctuations.