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Certified International Finance Analyst

Indian : Rs.4129
International : $70

Vskills certification for International Finance Analyst assesses the candidate as per the company’s need for managing financial matters of international nature. The certification tests the candidates on various areas which includes theories and strategies involving exchange rates, balance of payments¸ foreign exchange, euro-currency market, spot and forward market, currency futures and option pricing.


This Course is intended for professionals and graduates wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression. Earning Vskills International Finance Analyst Certification can help candidate differentiate in today’s competitive job market, broaden their employment opportunities by displaying their advanced skills, and result in higher earning potential.


Job seekers looking to find employment in finance, international finance or accounts departments of various companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this certification.


International Finance Analysts are in great demand. Companies specializing in foreign exchange, hedging, option trading or international financial services are constantly hiring skilled international finance analysts. Various public and private companies also need international finance analysts for their finance, international finance or accounts departments.



  • The Challenge of International Finance
  • Finance Function in a Global Context
  • Global Financial Markets
  • Taxonomy of Financial Markets
  • Percentage of GDP Arising from Exports
  • Getting a Grip on Globalization

Offshore Markets

  • Euro or Offshore Markets: What are They?
  • Evolution of Offshore Markets
  • Interest Rates in the Global Money Markets
  • Sample Problems

The Monetary System

  • Introduction
  • Objectives of IMF
  • Fund’s Role of Consultation
  • Sources of Funds – Quotas
  • Share Capital of IMF
  • Other Sources of Funds
  • Fund’s Lending Operations
  • Standby Arrangements
  • IMF Charges
  • Other Facilities
  • Exchange Rates and Par Values
  • International Monetary Reforms
  • International Liquidity
  • Need for Reserves
  • Composition and Level
  • Adequacy of Reserves
  • Problems of Liquidity
  • Augmentation of Liquidity
  • Special Drawing Rights (SDR)
  • SDRs in India
  • India’s IMF Net Position
  • Additional SDRs

Classic Systems of Exchange Rates

  • The Classical Gold-standard System
  • Price Adjustment under the Gold Standard
  • Price Adjustment under the Gold-Exchange and Dollar Standards

Alternative Systems Of Exchange Rates

  • The European Monetary System (EMS)
  • Price Adjustment under the EMS
  • Hybrid Systems of Exchange Rates
  • Mixed Fixed and Flexible Rates

Cooperative Intervention in Disorderly Markets

  • Target Zones

Balance of Payments

  • Introduction
  • Balance of Payments Accounting
  • Debits and Credits
  • Balance of Payments Statement
  • The Current Account
  • The Capital Account
  • Debit and Credit Entries
  • Balance of Payment Crisis

Foreign Exchange Market

  • Definition
  • International Financial System and Foreign Exchange Market
  • Foreign Sector and Foreign Exchange Market
  • Banks Purchase and Sale
  • Instruments of Credit Traded
  • Foreign Exchange Market Components
  • Gustav’s Theory
  • Limitations
  • Spot and Forward Rates
  • Speculation
  • Arbitrage
  • Indian Foreign Exchange Market
  • Exchange Dealers
  • RBI and Exchange Market
  • Floating Vs Fixed Exchange Rates
  • RBI Policy Applied to Banks
  • Trading by Banks
  • Spot Trading Operations
  • Exchange Rates in India
  • Cross Currency Deals
  • Mismatch - Need for Matching
  • Forex Management
  • Explanation of Cross Rates
  • Derivative Products
  • Forward Contracts Swaps
  • Futures and the Options
  • Forward Rate Agreements (FRA)
  • Forward and Future Contracts
  • Currency and Interest Rate Swaps
  • Sodhani Committee Report ()
  • Capital Account Convertibility Measures

Euro-Currency Market

  • International Money and Capital Markets
  • Exchange Markets vs Currency Markets
  • Origins of the Euro-Currency Markets
  • Dealers in the Market
  • Euro-bond Markets
  • Magnitude of Trade
  • Euro Bond Clearing and Settlement System
  • Petro-Dollar Market

International Financial Institutions

  • International Finance Corporation
  • The Multilateral Investment Guarantee Agency (MIGA)
  • A Global Cooperative
  • The IMF’s Financial Policies and Operations

Spot and Forward Market

  • Organization of the Foreign Exchange Market
  • The Mechanics of Spot Transactions
  • The Forward Market

Currency Futures and Options Markets

  • Futures Contracts
  • Basic Differences Contracts Futures between Forward and
  • Advantages and Disadvantages of Futures Contracts
  • Arbitrage between the Futures and Forward Markets

Options Prices

  • Option Pricing and Valuation
  • Reading Currency Futures and Options Prices

Swaps and Interest Rate Derivatives

  • Interest Rate and Currency Swaps
  • Interest Rate Swaps
  • Exhibit: Classic Swap Structure
  • Economic Advantages of Swaps
  • Interest Rate Forwards and Futures
  • Forward Rate Agreement
  • Eurodollar Futures

Management of Foreign Exchange Risk

  • What is Exchange Risk?
  • Translation Exposure
  • Transaction Exposure
  • The Exposure Problem
  • Tools and Techniques of Foreign Exchange Risk Management

Management of Translation Exposure

  • The Monetary/Non-monetary Method
  • Temporal Method
  • The Current/Non-current Method

International Financial Management

  • Working Capital Management
  • Portfolio Management
  • Transfer Pricing
  • International Taxation
  • International M&A
Frequently Asked Questions

What is Vskills?

VSkills is a “skills testing” and certification exam conducted by - ICSIL, A Govt of India Undertaking and Govt of NCT Delhi Company. Vskills is a testing and certification programme focused on prior learning. Through Vskills Assessments, individuals with learning acquired outside of a formal classroom setting have the opportunity to get certified by appearing in standardized exams conducted throughout the nation at proctored centres.

What is Vskills Certification?

Vskills Certification is a professional skill test that is conducted to assure that a person is qualified to perform a job. It is a proof that the candidate has the requisite skills to do a job.

What are the benefits that I will get by taking Vskills Certification Exam?

Some of the benefits that you get on taking Vskills Certification exam are listed below,-

- Develop skills that are valued by experts in the industry
- Vskills Certifications opens avenue for candidates in various sectors
- Vskills Certification provides an opportunity to get certified in areas where you are not formally educated
- Vskills Certification enhances the chances of employment
- CVs of certified candidates are flagged on Monster India website as “Vskills Certified candidates” to employers.
- CVs of certified candidates are also tagged on website as “Vskills Certified candidates” to employers.
- CVs of all Vskills Certified candidates is shared with relevant employers for employment - Vskills Certified candidates are a part of the Job Centre for Life
- Vskills provides supplementary preparation material (hard copy or online videos) to candidate for easing the process of preparation.
- Vskills assessment exams are structured and regularly updated according to the industry standards
- Vskills Certifications do not require any time commitment since it is only a test and not classroom teaching.

What is the duration of the course?

There is NO course duration for all certification exam. Exams are conducted on monthly basis and candidate has the flexibility to select the exam date from Exam Calender as per their per feasibility. Student can give the exam any time between 1 year from the date of enrollment.

What is the eligibility for registration?

There is no minimum qualification for taking up Vskills Certification Exam, so it is for everyone – from day to day users to senior management, say - Employees - Employers - Students - Teachers - Businessmen and Entrepreneurs - Housewives/Retired Professionals, etc

What is the duration of the exam?

Vskills Certification Exam is for one hour (1 hour) duration.

What type of questions are asked in the exam?

Vskills Certification Exam has 50 multiple choice questions (1 marks each), with no negative marking.

What is the passing percentage?

Passing percentage is 50% i.e., 25 marks need to be scored in order to clear the exam.

When is the the exam conducted?

Vskills Certification Exams are conducted on monthly basis and candidate has the flexibility to select the exam date from Exam Calender as per their per feasibility.

How many attempts can I give for a certification exam?

One exam attempt per registration with no limit on re-appearance.

Can I reschedule the exam?

Yes, candidate can re-shedule the exam till the date of exam after paying the re-schedule fees.

If I fail, what is the procedure to be followed for reappearing in the exam?

In case a candidate is unable to clear the exam then, candidate can register for exam retake by paying for registration fees of Rs. 1250/- but no reading material is sent.

Does the exam is available only in India?

Candidates residing outside India can register for specific certifications as listed under the international students by appearing in online open book exam.

Can I take two or more certification exams at one time?

Yes, candidate can take two or more exams at one time.

How tough will be the paper?

The certification exam is meant to assess the ability of the student in the particular domain and checks entry level to medium level skills in that particular domain. If you know the domain area, and have studied the accompanying material well, you will have no difficulty in passing the exam.

Do you provide any sample questions?

Practice tests are provided under every certification.

What is the duration of the certification?

There is no minimum duration of certification. You may register when you want; we suggest that minimum 30 days should be kept to go over the material provided at the time of registration.

Is the exam available for international candidates?

Yes, candidates residing outside India can follow the process for international students.

What kind of placement support is provided?

Vskills provides placement support to certified candidates as - CVs of certified candidates are flagged on Monster India website as “Vskills Certified candidates” to employers. - CVs of certified candidates are also tagged on website as “Vskills Certified candidates” to employers. - CVs of all Vskills Certified candidates is shared with relevant employers for employment - Vskills Certified candidates are a part of the Job Centre for Life

In case I am unable to take the exam will my fees be refunded?

As a policy under no circumstances will the fees be refunded to the candidate after registration, unless there is a situation that is unavoidable.

When is the result declared?

Result indicating pass or fail is told to candidate after finishing of the exam. Hard copy certificate and performance report is sent to candidates who had cleared the exam. Soft copy certificate is also e-mailed.

Is the material provided by you sufficient from exam point of view or should I refer other sources?

The study material provided by Vskills is a guideline for your exam, but you can refer to other sources for further clarity on any topic.

Are there any classes provided by you to prepare for the exam?

Vskills does not offer classes for any certification exam. The candidates have to prepare on its own for the exam. NO CLASSES are provided by Vskills.

Do you charge extra for placement assistance?

There are no charges apart from the registration fees or exam re-take in case candidate is unable to clear the certification exam.


V skills

VSkills is a “skills testing” and certification exam conducted by - ICSIL, A Govt of India Undertaking and Govt of NCT Delhi Company. It is one of the largest manpower companies of the government of NCT Delhi. VSkills certifications help candidates quantify and prove their skills in a particular domain - skills that are valued by the employer and are in great demand. Your Vskills Certificate is a proof that you have the requisite knowledge and makes you job ready - which is why employers rate VSkills certifications and look for people who have them.

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