A high amount of SMEs with considerable operations in foreign currencies don't protect themselves against FX risk. These companies, many of which record revenues of around $200 million per year, simply don't approach FX management as there is no specialist in-house FX risk manager. Instead, they expose themselves to the whims of the currency market.
A raft of new geopolitical events, like, among other things, the U.S. tax law reform, a NAFTA exodus, and a Brexit reboot in Europe, could be a taxation game-changer for companies doing business overseas. That's especially the case as a new year beckons.
Overall, the global corporate tax landscape has changed dramatically in the aftermath of U.S. tax reform passed and signed into law at the end of 2017, and as its enactment creates ripples across the globe, even in late 2018.
With NAFTA on the way out after months of intense negotiations, the new United States-Mexico-Canada Agreement (USMCA) trade agreement is coming to fruition soon in advance of a country-by-country vote in a few weeks.
In this article, we focus on the key takeaways for CFOs to get up to speed on the economic impacts for consumers and businesses, the major financial points, and geopolitical implications of the new USMCA agreement.
Treasury departments preparing for 2019 can learn from some key lessons by looking back at 2018 currency movements and wider economic developments.
In this article, we focus on six separate focus areas to help your treasury department hit the ground running in 2019 with a value-added foreign exchange and currency analytics strategy in place.
Between talks of default as Argentina struggles to repay heavy government borrowing, historically high interest rates, and the Argentinian Peso declining 45% against the U.S. dollar, the business risk of working in Argentina is high.
President Mauricio Macri and his pro-business government face an uphill climb in stabilizing the currency and solving its mounting economic problems. Here are the issues that business operating in Argentina need to know.
Continuing the increasing trend of shocking currency developments in recent years, global foreign exchange markets have witnessed drastic events recently.
Join us in this article as we take a look at 3 of the most severe currency devaluations in history—as well one to watch out for—and what businesses can learn to protect themselves from risk.
The Russian ruble is down and the Russian economy isn't faring much better in 2018. At the center of it all stands Vladimir Putin, leader of Russia since 1999. Almost 20 years later, Putin is dealing with a souring economy, a skittish foreign investment base, and other obstacles.
We uncover the four main issues facing Russia, the Ruble, and its notorious leader.
Read our six-article series on what businesses need to know about a variety of global currencies in the second half of 2018. We focus on political, economic, and financial events that will affect these currencies. We cover the Canadian Dollar, Mexican Peso, Euro, Australian Dollar, Pound Sterling, and emerging markets.
The 2018 global trade war began with a single United States safeguard tariff on washing machines and solar cell panels in January. It subsequently picked up steam as the year progressed and developed into an all-out trade tariff war.
We take a deep dive into how the trade war is affecting both the FX market and businesses that work with foreign currencies.
This is the third article in our blog series on what businesses need to know about key global currencies in the second half of 2018. In this article, we'll cover economic and political events that present both advantages and obstacles for the Euro, as well as what businesses can expect of the European currency in the 2nd half of 2018.