Dual-Currency Deposit as a Tool for Exchange Rate Management in Foreign Trade Operations

Dual-currency deposits have become a relevant tool in the Russian financial market in recent years, especially in the context of financial sanctions and the reduction of currency placement options. This work is devoted to study the conditions under which the use of a dual-currency deposit becomes beneficial for clients in terms of currency conversion. Based on the analysis of the structure and characteristics of a dual-currency deposit, as well as methods for assessing its profitability, conclusions are drawn about the prospects for using this instrument. The study shows that a dual-currency deposit can be an effective currency conversion tool for companies when choosing the shortest placement period. However, it is necessary to take into account factors affecting the effectiveness of this instrument, such as the difference between risk-free placement rates in different currencies and the level of exchange rate volatility. The conclusion emphasizes the prospects of dual-currency deposits with high-quality management of financial flows and assessment of company risks, and also puts forward proposals for further research, including an analysis of the impact of conversion fees and bank margins on the attractiveness of this instrument.