Webinar: Business 101 – Managing exchange rate risk to protect bottom line
Join UKFT and Smart Currency Business for an interactive session on managing exchange rate risk to protect your bottom line. Most fashion or textile brands, retailers, manufacturers, suppliers and more will be either importing or exporting stock, paying for a service abroad, or moving funds internationally, exposing them to the complexity and volatility of the foreign exchange market.
A myriad of different economic and geo-political factors has seen the pound fluctuate by over 25% against some currencies such as the dollar in recent years, resulting in a significant knock-on effect to our member’s profit margins, cash flow, and the bottom line. As the fashion and textile industry can be characterized by high volumes but tight profit margins, even small impacts on margin can materially affect business performance, especially if prices can’t be constantly adjusted in response to market changes.
This Currency Risk webinar will :
- Review recent market volatility and its impact on the pound
- Analyse how business performance can be affected
- Review the available tools and processes available to safeguard your business.
- Discuss key factors to consider when formulating a currency strategy, common pitfalls to avoid, and how to ensure your strategy aligns with your business model.
Speaker: Tobias Woodward
Toby Woodward runs the Corporate Partnerships desk at Smart Currency Business and has been helping SMEs navigate the Currency markets for over 10 years. Tobias works with a portfolio of cross sector partners, helping their clients understand and manage currency risk in order to protect their business. He’s also a long-suffering Tottenham supporter.
