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.
Reporting
Castle Currency can design new reporting methods and procedures or review existing ones.
Executed hedges and account statements require verification to ensure proper execution and allocation. Support services are provided in this function, acting as a “double check” to prevent errors from occurring.
1. Daily reconciliation: Castle Currency will verify the daily reports provide by your company. This is an important task to ensure that the correct amounts are being managed. Castle Currency will assist to ensure directives from board of directors are met.
2. Monthly reports: Castle Currency will provide monthly reports to summarize the currency impact and existing positions aimed at measuring and reporting the effectiveness of risk management activities in achieving the objective of stabilizing returns and enhancing margins.
3. Proper FX Accounting Procedures: Uniform FX accounting procedures, booking procedures, and multicurrency general ledgers are required for all FX transactions. Realized FX hedges need to be reconciled in the appropriate accounting periods and ensure all outstanding hedges follow the selected method of accounting.