Doing business in multiple countries means both income and payments may fluctuate as the exchange rates between those national currencies change. This webinar will cover why exchange rates fluctuate, how that impacts the bottom line for businesses, and tools to manage that exchange rate risk.
Why this matters to your business
- Identifying where your business has exchange rate risk helps you better plan and manage your business
- Hedging exchange rate risk creates more certainty about cash flows and profits
- Selling or buying in local currency increases business opportunities
Business challenges you may face without this knowledge
- Losses from fluctuations in production costs or anticipated profits due to unanticipated changes in exchange rates
- Lost sales to rivals that are willing to sell in local currency and actively hedge exchange rate risk
Who should watch this webinar
- Any business leader selling or buying products or raw materials across international markets
- Anyone needing to help business leaders understand how exchange rates work and impact risk
- Foreign Exchange Rate Risk and Mitigation
- Laurie Wolff, CGBP
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Laurie Wolff is an instructor in the Department of Economics and Finance for the AASCB accredited School of Business at Southern Illinois University Edwardsville. She is a Certified Trainer for NASBITE’s CGBP credential and a Past President of NASBITE International. She currently serves the Board of Governors as a Distinguished Fellow and is the lead facilitator for NASBITE’s webinar programs as well as the annual student case competition. She speaks regularly to the international business community, especially on exchange rate fluctuations and risk management.
She holds undergraduate degrees in journalism and in economics from the University of Missouri Columbia and as well as an MA in economics.
Email: lwolff@siue.edu
- https://player.vimeo.com/video/441154122
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Key things you will learn to help your business
- What causes exchange rates to fluctuate
- Why firms face exchange rate risk, even if they purchase and sell only in their domestic currency
- What tools help mitigate exchange rate risk
- 0.5
- 23/07/2020
Comments
Good to see presenter. Content well presented.