Join the Export Community
The Australian Institute of Export and Travelex are hosting a yum cha lunch and discussion in Sydney’s Chinatown on Thursday 17 March. With the overall theme of effectively managing foreign exchange for businesses of all sizes and industry sectors, topics will include hedging, forward rates, interest rate differentials and spot rates. Attendees will also have [...]
...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
I think I’d be one of the first to say that Doha and multilateral trade negotiations would be at the top of the heap of any strategic agenda on trade. But in saying that, like anything in business, long-term strategies are crucial but so too are short-term tactics. Today in the world of the small [...]
...read more
As 2010 comes to a close, it’s time to reflect on the events of the year that affected Australian exporters. These five, in no particular order, have been chosen for the breadth of their impact although direct effects on exporters have varied. 1. Indian student attacks Two attacks on Indian students in Melbourne, seemingly racially [...]
...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 Australian Institute of Export (AIEx) will host a seminar on how importers and exporters can cope with a rising Australian dollar at its November Western Sydney meeting ‘Effectively taming the Foreign Exchange beast!’ Guest presenter Sanjay Gnanadickam from Travelex will speak on the volatile global foreign exchange market, imparting valuable information and advice to [...]
...read more
Now we’ve hit parity, what should exporters do? With the dollar breaching the $1US mark briefly last week the spotlight was on exporters, especially the smaller ones with concerns that the high exchange rate will make a dent in profitability. While the dollar has since fallen back to under US$1.00, the reality is that many [...]
...read more
Andrew Forrest, Australia’s fourth richest man, predicts the Australian dollar will soon reach parity with the US dollar. The CEO of Fortescue Metals Group believes the resources boom in Western Australia and Queensland is responsible for driving our dollar to the 20 September conversion rate of 95.64 US cents, its highest since mid 2008. “That’s [...]
...read more
The 2010 DHL Export Barometer indicates Australian exporters are moving their interests to the emerging economies of Latin America, Asia and Africa.
...read more
An agreement between Federal Government export credit agency the Export Finance and Insurance Corporation (EFIC) and foreign exchange services provider Travelex will provide eligible exporters with higher foreign exchange trading limits without the need for additional security from the exporter. EFIC’s foreign exchange facility guarantee will provide the potential for Travelex customers to increase their [...]
...read more