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Since Korea adopted flexible exchange rate system in 1997 have been exposed to foreign exchange risk. With the unstability of Foreign Exchange Rate in the early 2000s. all the countries have been experienced serious economics problems in foreign sectors. Since the world adopted the floating exchange rate system, foreign exchange risk control have been placing a comparatively greater emphasis in all countries.Especially after the introduction of the financial futures market, they were primarily interested in how much forward position per spot was ideal to hedge and at a result, they made pots of measured ways of hedging The result of the study says that the hedging effectiveness of four currencies futures is approach about 1, Foreign futures transaction is efficiencial tools in remove of foreign exchange risk. this study to be well researched needed much more detailed information. as those were not readily available, the results are not fully satisfactory. This study will be well followed by further investigation.