CFO News

MARCH 6, 2023

Self-sufficiency in food production, a sizeable foreign-exchange war chest and a vast software exports industry helped cushion the commodity and hard-currency shortages that, in various degrees, hobbled the region’s frontier markets: Sri Lanka, Pakistan and Bangladesh.

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Future CFO

APRIL 10, 2022

Digital money will be the future, said PwC recently when releasing its 2022 PwC Central Bank Digital Currency (CBDC) Global Index. It’s estimated that more than 80% of central banks are considering launching a central bank digital currency,” the company noted in a statement.

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CFO News

DECEMBER 12, 2022

The stability of any currency depends on the country's forex reserves and trade deficit. According to reports, India' s foreign exchange holdings were USD 532.87 billion in October this year, significantly lower than USD 642.45 billion a year earlier.

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Future CFO

DECEMBER 7, 2022

A strong US dollar will have credit effects on rated Asia Pacific companies, with those that have a significant portion of their debt and debt-servicing costs, or other costs, denominated in US dollars while earning revenues in depreciating currencies more vulnerable to the negative credit effects, said Moody’s recently.

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Future CFO

SEPTEMBER 11, 2023

Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects, the credit rating agency noted. Asia Pacific sovereigns are seeing diverging reserve dynamics, said Fitch Ratings recently.

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PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. Costs of goods or services used to produce — well, goods and services — are invoiced in foreign currencies.

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Future CFO

DECEMBER 12, 2019

The Hong Kong Monetary Authority said on Thursday that foreign exchange and money markets continue to operate smoothly and that the exchange rate remains stable. The Hibor—one-month interbank funding costs for the HKD, have been higher than comparable rates on the greenback for 24 straight sessions as of Tuesday.

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Future CFO

MAY 26, 2022

There will be intercompany transactions that happen between them, and it gets very complex when businesses are international – whether it's regulation or taxation, foreign exchange rates, or compliance. You're talking about the parent company with 50 CFOs running 50 entities for example."

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PYMNTS

AUGUST 2, 2018

corporations are warning that profits and revenues will take a hit as a result of foreign exchange volatility, according to reports in The Wall Street Journal on Wednesday (Aug. HSBC’s survey also found that 77 percent of CFOs plan to allocate more funding to their FX strategies. percent,” reports said.

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CFO News Room

NOVEMBER 11, 2022

This week’s investor run on the FTX crypto-currency exchange marks round two of the great crypto crackup, and so far the victims are consenting adults. Barring an unexpected spread to the banking system, this is another in the long line of easy-money manias turned to panic.

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Currencies Banking Foreign Exchange Marketing 100

PYMNTS

AUGUST 14, 2017

Moneytis, the FinTech startup, has created a platform to help consumers find the cheapest foreign exchange services and send money seamlessly, taking a page from travel aggregator websites like Booking.com and Expedia. I was an expat in China, and Etienne [Tatur] was in Europe. “I Friends quickly asked us to see the list.

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PYMNTS

AUGUST 5, 2016

3) provided a transcript of the earnings call , led by Western Union Senior Vice President of Investor Relations Michael Alan Salop; President, CEO and Director Hikmet Ersek; and CFO and Executive Vice President Rajesh K. B2B business and the C2C business increased as well in constant currency terms,” the executive continued.

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Foreign Exchange Currencies B2B CFO 40

Planful

SEPTEMBER 14, 2021

Imagen Dental Partners explained how it overcame financial reporting friction with the help of CFO Solutions and Planful. Sessions included: Learning how to make foreign exchange and currency analysis a critical capability by “Tempering FX Volatility With Currency Analysis.”.

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VCFO

DECEMBER 10, 2021

Inflation is the deterioration of purchasing power of a given unit of exchange (i.e., a currency) over time. The rise in the general level of prices relative to the asset of exchange (in our case, the U.S. The rise in the general level of prices relative to the asset of exchange (in our case, the U.S.

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Currencies Profit and Loss Foreign Exchange Math 55

CFO News Room

FEBRUARY 2, 2022

Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies.

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Future CFO

JANUARY 21, 2020

Moreover, ample foreign exchange reserves contribute to macroeconomic stability for a small, open economy and large financial centre and support the credibility and viability of the currency peg, the firm added. “In Fiscal reserves of HKD1.2 Fiscal reserves of HKD1.2

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Foreign Exchange Economics Currencies Planning 40

Future CFO

SEPTEMBER 23, 2019

“Through a combination of gpi and domestic real-time payments networks, we together with gpi banks, will facilitate instant international payments with up-front fee and Foreign Exchange transparency for senders, while also ensuring ubiquitous availability of instant cross-border payments globally,” SWIFT said in a statement.

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Foreign Exchange Currencies Banking Technology 40

PYMNTS

SEPTEMBER 19, 2019

Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. Cash management becomes a continuous process, throughout the business day. And now we are verging toward a fully real-time world. Or if it’s not clear how they will.

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Future CFO

NOVEMBER 7, 2019

Thai investors can trade gold in foreign currencies. Whether or not these measures are effective is not clear, but Thailand has little room to to take actions to curb its surging currency because it’s at risk of being named a currency manipulator in a forthcoming US report. They were required to do so in Baht before. .

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Future CFO

AUGUST 22, 2019

“The HKD is governed by a linked exchange rate system, which is written into the Basic Law of the Hong Kong Special Administrative Region,” she said. What can be changed is the linked currency, which is now the US dollar, and the range of the linked exchange rate level.”. Interest rates will then rise versus the greenback.

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CFO News Room

FEBRUARY 4, 2022

Government bond yields surged world-wide after a strong report on the U.S. labor market boosted investors’ expectations that central banks will begin steadily raising interest rates to fight inflation. The benchmark 10-year U.S.

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PYMNTS

APRIL 18, 2016

But enabling international payments between corporates could do more harm than good if a business is meddling in foreign exchange without understanding the risks. The addition of Real-time FX to the Saxo Payments Banking Circle recognizes that corporate treasury departments need to trade foreign currency in real time,” he said.

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Future CFO

JANUARY 21, 2021

One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury.

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Treasury Foreign Exchange CFO Currencies 52

Future CFO

JANUARY 12, 2021

The global coronavirus outbreak that has irreversibly changed the business world may also prove transformational for the role of the chief financial officer (CFO) as well. The guardian of finance operations and the steward of enterprise resources, the CFO has a deep cross-functional view of the enterprise.

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Foreign Exchange CFO Compliance Reconciliations 40

Future CFO

NOVEMBER 2, 2023

One of the product's capabilities allows users to lock and hold an FX rate for up to 24 hours and settle FX conversions on a future scheduled date, which helps businesses mitigate the risk of currency fluctuations and improve cash flow, the firm added.

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Currencies Foreign Exchange Marketing Cash Management 52

CFO News Room

FEBRUARY 5, 2022

What Is a Currency War? A currency war is an escalation of currency devaluation policies among two or more nations, each of which is trying to stimulate its own economy. Currency prices fluctuate constantly in the foreign exchange market. Understanding Currency Wars. Are We in a Currency War Now?

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Currencies Foreign Exchange Economics Treasury 130

PYMNTS

MAY 19, 2016

FX risk is often managed by the CFO and treasury management systems; commodity risk lands on the desks of the procurement team, which is tasked with locking in FX rates for the purchase of raw materials over an extended period of time in order to avoid the impact of currency fluctuations.

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Treasury Risk Management Foreign Exchange Currencies 40

CFO News Room

JANUARY 25, 2023

Equity and fixed-income markets plunged, commodity prices skyrocketed, and between the dollar’s rise and other currencies tanking, foreign exchange markets experienced generationally high levels of coincident volatility. It began with a massive conventional war in southern Europe, which led to rising global tensions.

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PYMNTS

NOVEMBER 19, 2018

Even for companies in markets with robust correspondent banking operations, high and hidden bank fees , foreign exchange volatility, and a lack of speed and visibility into the status of a transaction have all opened up opportunities for FinTechs in the cross-border business payments market to address these points of friction.

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CFO News Room

JANUARY 8, 2023

and which ones to include (cash acquisitions, foreign exchange gains or losses etc.). As you can see in my earlier computation of FCFE for Microsoft, every item that you need for the calculation is in the FCFE, with your key decisions becoming which items not to count (any cash flows to equity, investments in securities etc.)

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CFO News Room

NOVEMBER 5, 2022

Sri Lanka’s foreign currency reserves have dropped to around $250 million, a staggeringly low number compared to its $7.6 One was the rapid loss of Sri Lanka’s foreign exchange reserves. billion reserves at the end of 2019. Experts’ responses to Sri Lanka’s economic crisis have varied.

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Foreign Exchange Economics Currencies Leadership 130