Defining and Understanding the FX Currency Risk

Foreign exchange (FX) is a risk factor that is often overlooked by SMEs in Canada and beyond but FX risk can lead to potential financial losses due to devaluation of the local currencies against any foreign currency.   Bob Dowd, SVP for Exchange Bank of Canada and a 30+ year veteran of the foreign exchange and payments industry, will provide an understanding of the volatile FX market risks specific to Canadians and the techniques to mitigate these risks.  When FX risk is successfully managed, foreign transactions can be a viable option for exporters and importers alike.   Bob describes the currency risks and provides risk management.  He explains where the exposures are and how to hedge them.  It’s a can’t-miss for the Canadian business market.