Foreign Exchange Specialist Course

Course overview

STUDY MODE

100% online

NUMBER OF SUBJECTS

1

NEXT INTAKE

Enrol and start anytime

COURSE FEE

$319.00

AVAILABLE LOANS

N/A

AQF LEVEL

Various

COURSE DURATION

Maximum of 16 weeks

ACCREDITATION

n/a

PROVIDER ID

n/a

Are you looking to gain specialised skills and knowledge in foreign exchange?

Kaplan Professional, a leading national provider of financial services education, offers the Foreign Exchange Specialist course for individuals wanting to gain an understanding of specialist foreign exchange.

This course introduces individuals to the concepts of foreign exchange as they apply to retail clients. Individuals will gain an understanding of managing risk and tax requirements when dealing with retail client portfolios. Spot transactions, debt securities, forward markets and currency options will also be covered.

Please refer to the course outline for more information.

Pathways

Learning outcomes

On successful completion of the Foreign Exchange Specialist course, individuals should be able to:

Outline the characteristics of foreign exchange markets and their associated risks
Analyse the exchange rate, the mechanics of an FX quotation and spot transactions
Apply the concept of forward transaction and how to calculate forward exchange rates
Explain how option buyers can obtain insurance against adverse movements in exchange rates, and retain the benefit if favorable rate changes occur
Demonstrate the technical skills related to Foreign Exchange within the financial planning industry
Explain the obligations relevant to the provision of retail financial advice in foreign exchange

Duration

Individuals have a total of:

12 weeks to complete the learning and assessment requirements for the Foreign Exchange Specialist course, from their initial activation date.
An additional four (4) weeks’ resubmission time – if an individual reaches the end of their initial enrolment period and has been deemed ‘not yet competent’ in one or more assessment items, then an additional four (4) weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period.

Therefore, if an individual completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 16 weeks.

Individuals working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.

Topics covered

Topic 1: Foreign exchange markets
Topic 2: Spot transactions
Topic 3: Foreign exchange forward markets
Topic 4: Currency options
Topic 5: Foreign exchange risk management and tax

On successful completion of the Foreign Exchange Specialist course, individuals should be able to:

Outline the characteristics of foreign exchange markets and their associated risks
Analyse the exchange rate, the mechanics of an FX quotation and spot transactions
Apply the concept of forward transaction and how to calculate forward exchange rates
Explain how option buyers can obtain insurance against adverse movements in exchange rates, and retain the benefit if favorable rate changes occur
Demonstrate the technical skills related to Foreign Exchange within the financial planning industry
Explain the obligations relevant to the provision of retail financial advice in foreign exchange

Individuals have a total of:

12 weeks to complete the learning and assessment requirements for the Foreign Exchange Specialist course, from their initial activation date.
An additional four (4) weeks’ resubmission time – if an individual reaches the end of their initial enrolment period and has been deemed ‘not yet competent’ in one or more assessment items, then an additional four (4) weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period.

Therefore, if an individual completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 16 weeks.

Individuals working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.

Topic 1: Foreign exchange markets
Topic 2: Spot transactions
Topic 3: Foreign exchange forward markets
Topic 4: Currency options
Topic 5: Foreign exchange risk management and tax

Assessment

The assessments for each subject are listed below:

Assessment	Assessment detail
One (1) exam	Unsupervised, open-book, multiple-choice exam with four (4) attempts.
One (1) written assignment	Written assignment – two (2) attempts • Written - The preparation of a compliant Statement of Advice for a given client.

Individuals may attempt the exam and/or submit their assignment at any time if they believe they are adequately prepared and will receive personal reminder emails as they approach their assessment deadlines.

Individuals must be deemed ‘competent’ in all assessment items, including demonstrating competency in all of the exam questions, in order to be awarded their certificate of completion.

Individuals who complete the course will receive a Certificate of Completion.

Entry requirements

Educational requirements

There are no entry requirements for this course. However, it is recommended that individuals have completed Generic Knowledge in financial planning and have a broad understanding of financial planning fundamentals.

You should confirm your eligibility with your employer or licensee to provide foreign exchange advice to retail clients.

Individuals are required to be aged 18 years or older to enrol in this course.

Language, literacy and numeracy (LLN) requirements

This course requires you to read comprehensive learner workbooks, complete a range of written assessments, undertake independent research activities, and at times, engage in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication.

If you have any doubts about whether you have the language, literacy and numeracy skills to undertake a Kaplan Professional program, we recommend you speak with our Student Services team on 1300 662 203 or email mail@kaplan.edu.au.

Computing requirements

Recommended browsers

You can access KapLearn using any of the browsers below, but it runs best on the latest versions:

Firefox 3 or later
Chrome 4 or later
Safari 3 or later
Internet Explorer

You may find it helpful to have more than one browser installed on your computer. If you experience problems using Kaplan Professional’s online learning system, try using another browser.

Browser settings and support

For the best user experience in Kaplan Professional’s online learning system, select the following browser settings:

Enable cookies
Enable JavaScript
Do not block pop-up windows

Audio recording app

You will need to use a free or paid audio-recording app on your phone, tablet or computer to record and submit your oral assignment. Most devices come with a free built-in audio/voice-recording app. More information should be available in your device manual or on the device manufacturer’s website. Below are help links for some popular devices.

Skill requirements

To successfully complete this qualification, individuals will require basic computing skills. This may include:

Saving and editing Microsoft Office documents
Researching, accessing and searching the internet
Downloading and saving documents from websites
Uploading documents through websites
Making an audio recording using a smartphone, tablet or computer
Participating in online discussions

There are no entry requirements for this course. However, it is recommended that individuals have completed Generic Knowledge in financial planning and have a broad understanding of financial planning fundamentals.

You should confirm your eligibility with your employer or licensee to provide foreign exchange advice to retail clients.

Individuals are required to be aged 18 years or older to enrol in this course.

This course requires you to read comprehensive learner workbooks, complete a range of written assessments, undertake independent research activities, and at times, engage in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication.

If you have any doubts about whether you have the language, literacy and numeracy skills to undertake a Kaplan Professional program, we recommend you speak with our Student Services team on 1300 662 203 or email mail@kaplan.edu.au.

Recommended browsers

You can access KapLearn using any of the browsers below, but it runs best on the latest versions:

Firefox 3 or later
Chrome 4 or later
Safari 3 or later
Internet Explorer

You may find it helpful to have more than one browser installed on your computer. If you experience problems using Kaplan Professional’s online learning system, try using another browser.

Browser settings and support

For the best user experience in Kaplan Professional’s online learning system, select the following browser settings:

Enable cookies
Enable JavaScript
Do not block pop-up windows

Audio recording app

You will need to use a free or paid audio-recording app on your phone, tablet or computer to record and submit your oral assignment. Most devices come with a free built-in audio/voice-recording app. More information should be available in your device manual or on the device manufacturer’s website. Below are help links for some popular devices.

To successfully complete this qualification, individuals will require basic computing skills. This may include:

Saving and editing Microsoft Office documents
Researching, accessing and searching the internet
Downloading and saving documents from websites
Uploading documents through websites
Making an audio recording using a smartphone, tablet or computer
Participating in online discussions

Enrolment information

1 Enrolment

You may enrol in this course at any time and begin studying immediately on enrolment.

To enrol online, please follow these steps:

In the ‘category’ drop down list select, Financial Services
In the ‘Search by’ drop-down list select, subject
If you just click search, this will show all subjects and you will be able to enrol in multiple subjects

Or

You can search for the specific subject you are wishing to enrol in by entering the name of the subject and clicking search.

Enrol now

2 Delivery

This course is delivered online via Kaplan Professional’s learning management system, KapLearn.
You will receive login details to KapLearn on enrolment. When you log on to KapLearn, you are able to access the subject notes, assessments, additional learning materials (such as media, case studies and practise activities) and your online tutor.

Assessments are accessed and submitted through KapLearn.

Corporate clients should contact our Corporate Solutions team at corporate@kaplan.edu.au to discuss delivery options and how we can further tailor our training to meet your business needs.

Policies

Student policies

Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program does not go as planned and they need extra support.