Jeff Boyko discusses Global Outlook for Currencies April 24 Toronto
See Jeff Boyko with DynexCorp in October edition of
Current Events and Publications
Past Events & Presentations
Jeff Boyko presents Currency Risk Management
to Professional Risk Managers'
International Association
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Jeff Boyko discusses FX and the Evolving Market Landscape
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Read Jeff Boyko's commentary on Regiional e-FX perspective: Canada
What Currency Movements Mean to Your Company
Currency rates change each day, affecting every business buying or selling goods and services outside of Canada. Changes in the wrong direction can create the risk of lost sales and lost profits. Changes in the right direction can create the opportunity of competitive advantages and enhanced profits.
Castle Currency Management can both minimize these risks and maximize these opportunities for you. In short, we are experienced currency specialists who can help you make more money for your money.
Measuring and managing
Any plan is only as good as its results. The adage, “you can’t measure what you don’t know” is a key to any good risk management practices. It is therefore imperative that an understandable and relevant means to measure results against expectations is developed. This would be unique to each company and formulates an integral part of our consulting services.
A benchmark or means to measure the performance needs to be determined. Many companies will implement some type of FX strategy without having any means to determine its effectiveness. This can be dangerous as it may look successful at times, but there may be significant underperformance, excess costs, added risks, or missed opportunities. The most appropriate benchmark would be determined based on the companies many risk factors and objectives.
Type of Benchmark
- Spot rate
- Forward rate
- Budget value
- Volatility
- Profit Margins
- Compare to Booking Rate
- Model Portfolio