Author Archives: Vikram Murarka

Vikram Murarka

About Vikram Murarka

Chief Currency Strategist at KSHITIJ.COM. Likes to look at the markets from many different angles. Weaves many conventional and unconventional technical analysis techniques and fundamental analysis into a global macro perspective. Likes to take the road less traveled.

May the tribe increase

May the tribe increase

May the tribe increase

More people are taking fitness seriously.
More companies are taking currency risk management seriously too.

That shift matters.

It shows a growing focus on discipline, structure, and long-term thinking rather than reactive decision-making.

Seeing more corporates engage meaningfully with FX risk is encouraging.
The more awareness there is, the better decisions the market makes collectively.

Because good habits spread.

And in risk management, that’s always a positive sign.

 

#FX #CurrencyRisk #RiskManagement #Treasury #Markets #Discipline

No entry for wrong ideas

No entry for wrong ideas

No entry for wrong ideas

In fitness, shortcuts and bad advice often do more harm than good.
In FX, the same applies.

Blindly hedging, over-structuring, or forcing strategies without understanding cash flows creates risk instead of reducing it.

Natural hedges, timing, and structure matter.
Imports and exports don’t need aggressive action just because action is available.

Good currency management is about saying no to the wrong ideas, even when they sound confident or urgent.

Because avoiding bad decisions is often more valuable than chasing smart ones.

 

#FX #CurrencyRisk #RiskManagement #Hedging #Treasury #Markets

Measure after measure

Measure after measure

Measure after measure

Progress only becomes visible when you track it.
Walking faster. Reducing time. Clear improvement.

In FX, the same rule applies.
If you don’t know your effective import cost or export realization, you’re not managing risk. You’re guessing.

Hedging without measurement is action without feedback.
And action without feedback rarely improves outcomes.

What gets measured gets managed.
What gets managed gets better.

That’s why disciplined currency management starts with knowing your numbers, before taking your next decision.

#FX #CurrencyRisk #RiskManagement #Hedging #Treasury #Markets #Measurement

Slow and steady

Slow and Steady

Slow and steady

Progress rarely looks dramatic in the beginning.
Day one feels small. Effort feels slow. Results feel distant.

But consistency compounds.

In markets, the journey is similar.
Month one may show losses.
Then comes measurement, structure, and discipline.
Losses reduce before profits appear.

There are no shortcuts in FX risk management.
No one-day fixes. No overnight mastery.

What works is patience, systems, and staying the course.

Rome wasn’t built in a day.
Neither is a robust hedging strategy.

#FX #CurrencyRisk #RiskManagement #Hedging #Treasury #Markets #Discipline

Don’t overdo

Don’t overdo

Don’t overdo

In the gym, lifting extra weight often leads to injury.
In FX, hedging exposure beyond what’s required leads to unnecessary risk.

Many hedging decisions fail not because markets surprise us, but because actions are taken too quickly or without structure. Chasing short-term moves, hedging too aggressively, or reacting to noise usually increases costs instead of reducing risk.

Good currency management is about restraint. Knowing when to act and when not to.

At Kshitij, our FX research is built to support measured decisions, focusing on timing, cost efficiency, and control rather than constant action.

Because in FX, doing more doesn’t mean doing better.
Doing what’s necessary does.

#FX #CurrencyRisk #HedgingStrategy #RiskManagement #Treasury #Markets