Global Currency Markets – What Those that Transact Internationally Need to Know
Includes a Live Event on 05/26/2021 at 10:00 AM (EDT)
Are your foreign transactions being processed in the most cost-efficient manner? Technological advances may offer less costly alternatives than standard wires in moving funds internationally.
Have your international payments become more costly in the past year? The US Dollar experienced a significant depreciation in the second half of 2020, which may have impacted the price invoiced to you by foreign vendors, even if you pay in US Dollars.
This update will be beneficial for those companies that sell or source internationally. Even if your company transacts only in US Dollars, there may be benefits to transacting in the local currency to consider.
Please join us as Michael Wahl, PNC Foreign Exchange, provides a currency market update and strategies to protect against negative currency fluctuations.
This webinar will cover:
- Size and depth of global currency markets
- Market updates of major currencies
- What drives foreign exchange rates
- Foreign exchange risks
- Hedging strategies to mitigate foreign exchange risks
- Why spot and forward rates differ
- Non-Deliverable forward for emerging markets
- Option strategies
This webinar will be recorded and available on-demand shortly after the live webinar.
Managing Director, Foreign Exchange
Michael has been on the PNC Foreign Exchange desk working with corporate customers, to help manage their foreign exchange exposures since 1997. He works with companies throughout Michigan and northwest Ohio, providing market insight, product education and competitive price quotes. Responsibilities are to assist in formulating and executing a foreign exchange policy tailored to a company’s specific needs and risk tolerance. Products include spot and forward contracts, Non-Deliverable Forward contracts, option contracts and Web-based FX trading. He has a Masters in Business Administration from Wayne State University and a Bachelors of Science in Business Administration from Central Michigan University. He is also a Certified Treasury Professional (2009), Series 7 (2010), Series 63 (2010).
To contact Michael:
755 West Big Beaver Road, Suite 2500
Troy, Michigan 48084