Conquering Currency Risk Management Conquering currency risk management involves identifying, analyzing, and prioritizing various foreign exchange (FX) exposures, and developing and implementing a coordinated and systematic plan that utilizes company resources efficiently and effectively to mitigate and optimize FX risk. An important part of mitigating FX risk is hedging exposures such as revenues, expenses, receivables, payables, assets, liabilities, and equity. The degree to which companies implement adequate foreign exchange risk management practices can vary substantially, from not managing the risk at all to engaging in robust hedging activities. As a result, the FX impact on the bottom line can vary widely across organizations. Global companies face questions including, but not limited to: How to manage currency risk? How to draft a FX risk policy? Where to look for FX risk exposures? What currency risks to hedge and how? Which strategies meet FX hedge objectives? What are the economics? How to do FX accounting? That's a lot of questions! It's time to take the FX Initiative! FX Initiative's foreign exchange risk management training starts with watching our online video series about: Foreign Exchange (FX) Market Overview FX Risk Exposures FX Risk Management FX Spot & Derivatives Hedging FX Transactions Hedging Foreign Subsidiaries Then, review and test with quizzes and CPE exams, and reinforce learning using real examples with our: Currency Code Locator FX Risk Policy Drafter FX Derivative Speculator FX Transaction Simulator FX Subsidiary Consolidator FX Initiative training is available 24/7 365 to help you with FX risk policies, FX accounting, FX hedging strategies, FX risk management, and more. Are you ready to manage FX risk? Become a FX Initiative subscriber today and access our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Managing FX risk has become a higher priority for many firms in 2022 and it is now easier than ever to learn the fundamentals of currency risk management. Make this the year to reduce FX risk and reap rewards abroad by taking the FX Initiative for your international business today! Start FX Risk Management Training > April 12, 2022By FX Initiative General accounting, business, continuing, CPE, currency, development, education, finance, fxcpe, fxinitiative, global, international, learning, management, payments, professional, risk, training, treasury 0 0 Comment
April 2022 Newsletter Explore Spring Virtual Events: Read our April newsletter and discover the latest blog posts and insights from FX Initiative on currency risk management. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. Scale the learning curve quickly and easily with our foreign exchange risk management training, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Start Training > View Newsletter April 5, 2022By FX Initiative General, Webinar accounting, business, corporation, CPE, currency, economics, education, events, examples, finance, fxcpe, fxinitiative, global, international, learning, management, multinational, payments, risk, training, treasury, virtual, webinars 0 0 Comment
Prioritizing FX Risk Policies & Procedures (Video) Prioritizing FX Risk Policies & Procedures (Video): Learn the importance of a foreign exchange (FX) risk management policy and explore how firms such as Apple put formal plans into place. This video is a preview of FX Initiative’s FX Risk Management course as part of Learning Objective #2. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training March 29, 2022By FX Initiative FX Risk Management, General accounting, CPE, currency, derivatives, development, education, events, examples, exchange, finance, foreign, forex, fxcpe, fxinitiative, hedging, learning, management, professional, risk, trading, training, treasury 0 0 Comment
Tracking FX Transaction Types (Video) Tracking FX Transaction Types (Video): Explore the 4 kinds of FX transactions using Apple as an example. This video is a preview of FX Initiative’s FX Risk Exposures course as part of Learning Objective #1. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training March 22, 2022By FX Initiative FX Risk Exposures, General accounting, CPE, currency, development, education, events, examples, finance, fxcpe, fxinitiative, learning, management, professional, risk, training, treasury 0 0 Comment
Spring FX CPE Webinar Session FX Initiative cordially invites you to attend our upcoming webinar titled “Mastering Currency Risk Management.” To complement our self-study video training, this session is designed address common FX strategies and challenges global organizations encounter when managing currency risk. Each live webinar is eligible for CPE credit, and offers the ability to interact with the instructor, engage with the audience through real time polling questions, and participate in question and answer segments. Mastering Currency Risk Thursday, April 21st 2022 @ 10AM Pacific / 1PM Eastern Learn the fundamentals of corporate foreign exchange risk management. Whether you are interested in a timely session related to recent developments impacting the foreign exchange market or would like a scheduled approach to start learning FX risk management, our live webinar sessions are designed to help you solve unique FX risk management challenges that are not otherwise addressed in our video based programs. Explore our Events page to register and learn more about the learning objectives covered in our educational webinar series titled “Mastering Currency Risk Management.” Webinar Registration > March 15, 2022By FX Initiative General, Webinar 2022, accounting, currency, development, finance, fxcpe, fxinitiative, management, professsional, risk, schedule, training, treasury, webinar 0 0 Comment
Clarifying Currency Quoting Conventions Clarifying Currency Quoting Conventions (Video): Distinguish the difference between direct and indirect currency quotations. This video is a preview of FX Initiative’s FX Market Overview course as part of Learning Objective #2. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Training March 8, 2022By FX Initiative FX Market Overview, General accounting, business, currency, derivatives, education, eexamples, events, finance, global, globalization, hedging, international, learning, management, multinational, payments, risk, training, treasury 0 0 Comment
March 2022 Newsletter March FX Risk Management Mastery: Read our March newsletter and discover the latest blog posts and insights from FX Initiative on currency risk management. We help finance, accounting, treasury, and sales professionals stay up to date with new training content, CPE webinars, and helpful tips & resources. Scale the learning curve quickly and easily with our foreign exchange risk management training, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples and events at FXCPE.com. Start Training > View Newsletter March 1, 2022By FX Initiative General accounting, business, cashflows, CPE, currency, developmenet, economics, education, events, examples, finance, fxcpe, fxinitiative, global, international, learning, management, multinational, payments, professional, risk, training, treasury 0 0 Comment
FX Risk Management Training Topics FX Initiative offers access to our online Learning Center for paid training and free content to help your company conquer corporate currency risk management safely and remotely. Explore our FX articles, videos, courses, tools, and webinars. Our goal is to help sharpen your FX skills, contribute to your professional development, and add to your firm’s performance and profitability. Explore FX Learning Center > Whether you are new to foreign exchange or a seasoned professional, continue following FX Initiative for your FX risk management formula. To learn more, start your FX risk management training today, which provides 24/7 365 access to our complete suite of foreign exchange (FX) continuing professional education (CPE), examples & events at FXCPE.com. Start FX Risk Management Training > February 22, 2022By FX Initiative General accounting, business, currency, development, education, events, examples, finance, fxcpe, fxinitiative, global, international, learning, management, payments, professional, risk, training, treasury 0 0 Comment
White Label Web Applications FX Initiative's white label web applications are designed to help treasury professionals and FX sales teams with a wide variety of foreign exchange (FX) risk management challenges and opportunities. Whether you are creating a FX risk policy or analyzing economic and accounting scenarios, our risk models and strategy simulations share best practices in easily understandable formats. Examples include: FX Risk Policy FX Terms Glossary ISO Currency Codes Foreign Subsidiaries FX Revenues FX Expenses FX Receivables FX Payables FX Spot Transactions FX Forward Contracts FX Option Contracts FX Zero Cost Collars Our white label web applications are branded with the client's logo and embedded as an iframe into the client's website. An iframe is one of the most convenient HTML structures, and is an embedded window on the client’s web page that shows content hosted on FX Initiative’s servers. In 4 simple steps, our solutions can be deployed on the client's website quickly and easily with minimal technology resources. Learn More February 15, 2022By FX Initiative General, Partnerships accounting, business, currency, development, economics, education, events, examples, expense, finance, fxcpe, fxinitiative, global, interinational, learning, management, payable, payments, policy, professional, receiveable, revenue, risk, simulations, strategy, training 0 0 Comment
CPE Webinar: Mastering Currency Risk Management Program Overview FX Initiative cordially invites you to attend our webinar titled “Mastering Currency Risk Management." Join us for a continuing professional education (CPE) program and earn CPE credit as we address the fundamental concepts of corporate foreign exchange (FX) risk management. This informational session will share best practices on how to identify, analyze, execute, and optimize a foreign exchange (FX) risk management program. Participants will learn how to assess a firm’s FX risk profile using a step-by-step analysis framework, the four approaches for managing FX risk, the impact FX risk has on the financial statements, and key terminology and takeaways for building a world class FX risk management program. Learning Objectives Discover how leading multinational corporations identify foreign exchange (FX) risk, including transaction, translation, and economic risk. Explore how to analyze FX risk management strategies, including balance sheet hedging, cash flow hedging, and net investment hedging. Identify key considerations when executing FX risk management plans, including the importance of strategy, policy and financial reporting. Recognize approaches to optimizing FX risk management plans by investing in personnel, resources, and operations to improve results. Who Should Attend? New and seasoned finance, accounting, treasury, and related professionals (CPA, CIA, CRMA, CFE, etc.) interested in international business. Register February 8, 2022By FX Initiative General, Webinar accounting, business, currency, development, economics, education, events, examples, finance, global, international, learning, management, payments, professional, risk, training 0 0 Comment