2018 - POSTPONED Financial Seminar Series: Financial Risk Management
Embarking on a path to international business can be daunting. There are many risks to consider, including country risk, political risk, regulatory risk, and currency or foreign exchange (FX) risk. Exchange rates can fluctuate wildly throughout the year, sometimes up to 20%, and are capable of moving as much as 3-5% in a single week. For businesses that buy or sell goods and services across the border, FX risk can have a real impact on profit margins and, in serious instances, can threaten the viability of your business.
Join Gavin LeClaire of Encore Fx and the Burnaby Board of Trade as we host this month's Financial Seminar.
Foreign exchange risk is often something that is overlooked or seen as a “cost of doing business”, but through this presentation, attendees will recognize how this risk has the potential to impact a Canadian business that is importing or exporting; attendees will also learn about real solutions for limiting negative impacts on their company. This presentation is intended for an audience that is new to the concepts of currency risk and FX hedging.
Following the presentation, participants should:
- Understand what currency/FX risk is and how it relates to businesses
- Be aware of the tools available to manage foreign exchange requirements
- Understand the basics of implementing these tools strategically to protect profit margins and maximize revenue