Watch How Time Zones Impact Global FX Trading The enormity of the foreign exchange market is due to the fact that anytime foreign goods or services are bought or sold or international investment is made, companies, governments, and individuals may need to purchase the currency of the country or region in which they are conducting business. The foreign exchange market is decentralized, meaning there is no central marketplace where trading occurs. Participants in the foreign exchange market come from all over the world and trade at different times for different purposes. This worldwide network is connected through technology, and the time-zone differences between trading centers create a 24-hour market for FX trading. Using the data from the Bank for International Settlements 2013 Triennial Central Bank Survey, the following 5 minute video clip from FX Initiative’s newly released course titled “FX Market Overview” identifies the 3 major FX trading centers around the world and focuses on how the shift in time zones creates a rhythm in FX trading, with greater liquidity and volatility at certain times of the day. Want full access? Click to subscribe today! If you found this information insightful, 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 for 2017 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! Click here to subscribe > Cheers to your global organization's continued success in the new year, The FX Initiative Team support@fxinitiative.com January 23, 2017By FX Initiative FX Market Overview American, Asian, Continuing Professional Education, Currency, European, FX, Liquidity, Market, Risk Management, Time Zones, 24/7, CPE, Foreign Exchange, Trading, Volume 0 0 Comment
Apple's FX Risk Management Plan Foreign exchange risk management involves identifying, analyzing, and prioritizing various foreign currency exposures, and developing and implementing a coordinated and systematic plan that utilizes company resources efficiently and effectively to mitigate and optimize FX risk. 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, and as a result, the impact on the bottom line can vary widely across organizations. When it comes international business success, Apple is a global technology leader not only in terms of their product innovation but also in how they manage their foreign exchange risk exposures inherent in their worldwide operations. Looking at Apple’s 2015 Annual Report (Form 10-K), the following 4 minute video clip from FX Initiative's newly released course titled "FX Risk Management" reveals Apple's foreign exchange risk management plans. Want full access? Click to subscribe today! If you found this information insightful, 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 for 2017 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! Click here to subscribe > Cheers to your global organization's continued success in the new year, The FX Initiative Team support@fxinitiative.com January 16, 2017By FX Initiative FX Risk Management 10-K, Continuing Professional Education, CPE, risk management, Risk Policy, Annual Report, Apple, Foreign exchange 0 0 Comment
Exposing Apple's FX Transaction Risk Apple is the most valuable company in the world, and in 2015 impressively captured not only the largest market cap, but also the largest sales, profits, and assets among the world's biggest technology companies. -Forbes, "The World's Largest Tech Companies: Apple Beats Samsung, Microsoft, Google" As a result, it's no surprise that many businesses look up to Apple to follow their lead in terms of research and development, manufacturing, and sales among other areas of innovation. However, many multi-national firms can also benefit greatly from observing Apple's best practices as it relates to identifying and managing foreign currency transaction risk. Apple’s unaudited summary financial results for the fiscal 2015 fourth quarter revealed that international sales accounted for 62 percent of the quarter’s revenue, which totaled $51.5 billion dollars. This highlights that in a matter of 3 months, the equivalent of almost 30 billion US dollars worth of product was sold overseas, and more than half of their revenue in a single quarter was generated from outside of their headquarters in the United States. Apple's sizable revenue generation is just one component of their foreign exchange risk profile. Taking a more comprehensive view of Apple's foreign exchange risk profile, the following 7 minute video clip from FX Initiative's newly released course titled "FX Risk Exposures" exposes the various types of foreign currency transaction risk inherent in Apple's global business model. Want full access? Click to subscribe today! If you found this information insightful, 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 for 2017 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! Click here to subscribe > Cheers to your global organization's continued success in the new year, The FX Initiative Team support@fxinitiative.com January 9, 2017By FX Initiative FX Risk Exposures Apple, Continuing Professional Education, CPE, Currency, FX, International Business, Risk Management, Transaction Risk, foreign exchange 0 0 Comment
Announcing the 2017 launch of FXCPE.com! FX Initiative is pleased to announce the 2017 launch of FXCPE.com, your foreign exchange (FX) continuing professional education (CPE) learning platform. Now global corporations and sales teams worldwide can take the initiative to mitigate and manage foreign exchange risk more efficiently and effectively than ever before by subscribing to the same best in class training taught to Fortune 500 companies and global advisory teams alike. FX Initiative Founder & President, Evan Mahoney, stated that "after nearly a decade of helping financial sales professionals and corporate treasury staff learn foreign exchange risk management best practices, one of the most common requests is for a 'CliffsNotes" version of FX risk management. To address these needs, our core principles and knowledge have been packaged into a 6 hour self-study online video training series to rapidly accelerate what typically takes 6 months or longer to learn." FX Initiative is focused on taking proactive steps to reduce FX risk, and this recently released training series was inspired by the proverb "give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime." Starting today you can stop depending only on advisors for answers, and start building your own knowledge base by investing 6 hours to learn the fundamentals of currency risk management quickly and easily. Take the FX Initiative and conquer currency risk in 2017 by subscribing today. May your 2017 be filled with global business success and a predictable and stable currency impact as you mitigate foreign exchange risk and optimize opportunities abroad! Wishing your international organization a prosperous and profitable 2017, Evan Mahoney, CPA Founder & President FX Initiative, LLC January 2, 2017By FX Initiative General continuing professional education, CPE , risk management, foreign exchange 0 0 Comment