Over the past 30 years corporations have been surprised again and again by unexpected occurrences in the currency markets. Professor FiREapps believes it is time to examine the issues and processes that evolved in the 1970s with the Smithsonian agreement and got stuck in the 1980s with the spreadsheet technology.
The professor has yet to see a public company that has revenues in excess of USD 100 million and that directly or indirectly does not get affected by currency. As such, there are many ever changing challenges that almost always become surprises. The blog is there to flush out many of the issues and create a platform to discuss them.
Professor FiREapps has spent more than 20 years working with Corporations and Governments addressing all types of risks. As such he will raise strategic as well as very recent issues that he has come across. It is his hobby to look for any related topics for foreign exchange corporate risk management and address them.
Categories will include:
- National events: i.e. China un-pegging
- Process improvements in managing currency risk: i.e. technology
- Strategic issues: i.e. to hedge or not to hedge. Is that really the question?
- Tactical issues: i.e. the people doing the day to day work are often concerned about the results more than management, especially when the results are positive.
