Foreign Exchange Analyst
【Important Notice】
ARPA Foreign Exchange Analyst (FXA)
Exam Date | December 22 (Sunday), 2024
【Certificate Introduction】
Asia-Pacific Risk Professionals Association (ARPA) officially launched “ARPA® Foreign Exchange Analyst (FXA)" in 2019, which is based on international foreign exchange market experience and adheres to the "China FX Market Guidelines" and aligns with the "Bank FX Business Management Measures" and "Corporate Exchange Rate Risk Management Guidelines" issued by the State Administration of Foreign Exchange (SAFE). It integrates best practices in international and Chinese forex risk management, targeting professional practitioners engaged in forex risk management/consulting within enterprises and financial institutions. Additionally, it appeals to students with a keen interest in the forex market exploring related career paths.
【Examination Overview】
• Certificate Name: ARPA®Foreign Exchange Analyst (FXA)
• Examination Language: English/Chinese
• Examination Candidates: Professionals in FX markets and related roles (such as trading, sales, consulting, risk management etc.) at financial institutions and corporates as well as other personnel who may be interested in the field
• Examination Duration: 2 hours (four times a year, March, June, September and December)
• Examination Format: Computer based test (paper based test, subject to internet access at some low-GDP countries)
• Types and Number of Questions: 150 Multiple questions (objective types)
• Exam Prep Materials: Designated textbooks, practices, & Sample Exam Questions (ATP offers extra trainings upon the request)
【Examination Content】
Module 1: History of Foreign Exchange
Module 2: Basic Concepts of Foreign Exchange
Module 3: Long-Term Framework of FX: Purchasing Power Parity
Module 4: Medium-Term Framework of FX: Balance of Payments
Module 5: Short-Term Framework of FX: Market Sentiment and Capital
Module 6: Case Study: Historical Review of USDCNY
Module 7: Overview of FX Market Instruments
Module 8: Pricing of FX Market Instruments
Module 9: Introduction to FX Risk Management Instruments
Module 10: Basic FX Risk Management Instruments
Module 11: Intermediate FX Risk Management Instruments
Module 12: Advanced FX Risk Management Instruments
Module 13: CNY-CNH Spread in FX Risk Management Instruments
Module 14: Hong Kong Dollar in FX Risk Management Instruments
Module 15: Investment in FX Risk Management Instruments
Module 16: Overview of Corporate FX Risk
Module 17: Identification of Corporate FX Risk
Module 18: Quantification of Corporate FX Risk
Module 19: Management of Corporate FX Risk
Module 20: Accounting Treatment of Corporate FX Risk
Module 21: Policy Framework of Corporate FX Risk Management
Module 22: Case Studies in Corporate FX Risk Management
Module 23: Concept of FX Neutrality
Module 24: China FX Market Guidelines
Module 25: China Principles of Bank FX Business
Module 26: China Policies on Cross-Border Fund Business
【Application Process】
1. For all application enquiries: Enroll@arpa-global.org;
2. Fees and Payments:
• Fees include registration, examination, textbook, practices, sample questions, certificate, delivery and tax (subject to countries);
• Please contact ARPA Certification Office for fees & payment details;
3. ARPA Certification Office will post the examination related materials upon the receipt of Exam Registration Form and Fees;
4. ARPA Certification Office will inform the candidates to print their Admission Tickets 10 working days before the examination;
5. Candidates are required to bring the valid ID and the printed Admission Ticket to the examination room 30 minutes in advance;
6. Candidates will receive the exam results and the printed certificate (if passed) within 20 working days after examination.
