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  • 3 years ago
Podcast Part 1:  What is Foreign Exchange, and Why Does it Matter? - Adventures in Global Expansion

Podcast Part 1: What is Foreign Exchange, and Why Does it Matter? - Adventures in Global Expansion

Our guest on Globalocity's Adventures in Global Expansion Podcast today is Francia Harris.  She's a partner with Bannockburn Global Forex, a boutique capital markets trading firm specializing in currency advisory and payment  services.  
Today we talk about how foreign exchange -- what it is, how it moves, who controls it, and why it matters.  
Many companies don't really understand foreign exchange, or FX, and how it can affect their global sourcing or global sales.  In this podcast, we explain the basic concepts. 
 Some of the things you’ll learn:
What is foreign exchange, anyway?
Who sets FX rates?
What kinds of things affect FX
Why FX is complicated
How banks make money on FX
Why you shouldn't use your local bank to help you manage FX exposure
Why billing only in U.S. dollars is a bad idea
Why the Iraqi dinari is worthless, but then again, not really
and much more!
Enjoy the show:

We hope you enjoy this podcast,  and find it both useful and interesting. 
Thanks for Listening, and

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