THEORY AND PRACTICE OF USING INSTRUMENTS OF PROTECTION AGAINST CURRENCY RISKS BY PARTICIPANTS OF FOREIGN ECONOMIC ACTIVITY
The article considers the features of currency risk as the main indicator accompanying the company's foreign economic activity. The article describes the dependence of currency risk on the negative factors that determine its occurrence. The conducted research, describing the specifics of protection against foreign exchange risks of participants in foreign economic activity (FEA), made it possible to conclude that at present the Russian Federation is characterized by the initial stage of the process of management and protection against foreign exchange risks, represented mainly by hedging: the practice of protection against foreign exchange risks is based on market research and determining the cost of insurance, which is impossible due to the insufficiently high level of qualification of senior management. The key factors that stimulate the emergence and development of protection against currency risks for companies engaged in foreign economic activity, as well as the main directions and measures to improve efficiency, are identified. Recommendations for development are the introduction of risk insurance tools based on the study of market features and the assessment of the impact of foreign economic activity based on the use of blockchain technologies as one of the most promising strategies for protecting against currency risks. The methodological base of the research includes a set of concepts and theories of the economy of foreign economic activity, the use of analysis, synthesis and comparison. The practical significance of the study lies in the possibility of using foreign currency risk insurance programs in foreign economic activity to improve them. In conclusion, the main methods of protection against currency risks are presented on the basis of the current theoretical and methodological framework and practical solutions by participants of foreign economic activity.