"Key Pitfalls CFOs Should Avoid in Currency Exchange Risk"
FX risk leaves businesses vulnerable to losses, but quantifying that risk is much more complicated than simply reviewing a spreadsheet.
Nearly 80% of small and mid-sized businesses in the U.S. export or import products, services, or supplies and therefore must deal with foreign exchange or FX risk — even if they don't realize it. Currency exchange risk can impact more than just profit margins; it can also affect:
Accounting, tax, regulatory, analytical and capital markets domains
Manufacturing production cycles
Since FX risk often flies under the radar, this whitepaper explores the multiple ways it can impact business and offers potential FX risk management solutions.