Join the Export Community
Currency Market Update – 10 March 2011 EVENT: The Australian Bureau of Statistics announced that total employment decreased by a seasonally adjusted 10,100 jobs during the month of January. The market was expecting an increase of 20,000 jobs. This headline figure hides the positive fact that 47,000 full-time jobs were created during the month with [...]
...read more
Currency market update 22 February 2011 Event Recent commentary from the Reserve Bank of Australia (RBA) reveals a buoyant outlook on the Australian economy. Both Glenn Stevens’ parliamentary hearing and the release of the RBA board meeting minutes have contributed to ongoing positive sentiment of Australia’s economic strength, relative to other countries in the wake [...]
...read more
If you think a hedge is something that shelters you from the prying eyes, then you need to consider how much you may be losing on your foreign exchange payments. A hedge is any strategy that allows you to minimalise or remove financial risk. For foreign currency, this mean a strategy employed by businesses to [...]
...read more
The foreign exchange market is the most liquid and most critical financial services market in the world. With an enormous US$2.5 trillion estimated in trade every day, the forex market dwarfs the combined trading volume of all the world’s stock exchanges. For many Australian exporters, the sheer size, scale and complexity of dealing in foreign [...]
...read more
Often regarded as the most difficult to understand aspect of foreign exchange, options can be great tools to have in your business’ currency management kit once you understand what they can do. The global financial crisis and resulting recession across Europe and the USA has caused extreme volatility in currency markets over the last 18 [...]
...read more
The Australian dollar is now in US90-cent territory and there are fears this could affect our strong showing in ‘the great recovery’. There is even some market speculation that the Aussie battler will reach parity with the greenback. Naturally, many market economists have also speculated as to how the high exchange rate would affect exporters. [...]
...read more
Setting a foreign exchange rate for the future could make a huge difference to your profitability. Learn how foreign currency can work for you and how you might benefit from securing a forward exchange contract.
...read more
While you should always keep your core business as the main focus of any foreign exchange strategy, it also helps to know why currency fluctuates to help determine whether you should consider trading in a major currency—such as US dollar, pound sterling or euro—even if not trading with the home country of those currencies, or [...]
...read more
Third in our series on ‘The True Cost of Exporting’ is the cost of foreign exchange and suggestions on ways in which you can minimise these costs, while earning a little along the way. There are a number of actions you can take to minimise the cost of foreign currency transactions for your business: negotiate [...]
...read more