Our objective is to ensure businesses remain profitable and competitive regardless of currency volatility and that they understand how to manage the currency risks of trading internationally.
Individuals or businesses that trade internationally may be exposed to foreign exchange risk arising from the volatility in the currency markets. This risk could cause a funding shortfall, damage expected income and profits or cause unexpected losses. Money Mechanix provide risk management guidance to enable customers to identify, understand and manage their exposure to foreign currency risk. Speak with us to help you manage your exposure and avoid common pitfalls
Use a cash flow forecast to identify the exposure to foreign exchange risk.
Quantify the monetary difference that can be tolerated based on possible future exchange rate movements.
Understand how you can mitigate or make provisions to address the risks.
Execute a plan to manage exposure the risks and avoid common pitfalls.