Risk, including FX & currency risk, has once again risen to the top of the agenda for many banks and financial institutions, due to the high volatility of exchange rates and the uncertainty of underlying market factors. Among these factors are the ongoing Eurozone crisis, which has prompted speculation on the future of the Euro; global banking and financial crises, and the uncertainties of economic performance, sovereign down-grading, and debt. These have had a particular impact on the strength of certain major currencies & corporate and bank liquidity.
Therefore, it is crucial for companies, with the support of their banks, to prepare and equip themselves with tools and strategies on how to effectively measure and hedge their FX risk, while at the same time ensuring safe access to global currencies to support their liquidity needs in these highly uncertain times.