foreign exchange

Welcome to episode #9 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

Discover the secrets to unlocking the potential of your international property investments with the help of currency exchange maestro, Christian Assal from Currencies Direct. Together, we peel back the layers of how exchange rates could be the silent arbiter of your real estate success or setback. Learn how steering clear of conventional banking routes for your currency conversions could mean pocketing more profits, and get Christian's invaluable tips on navigating the unpredictable tides of the foreign exchange market, especially in the wake of impactful economic events.

Venture ahead with us into the labyrinth of Bitcoin's volatile valuation. We'll also share our bold predictions on the evolution of online trading platforms, mobile app innovations, and how blockchain technology is setting the stage for a financial revolution. Christian's foresight into the regulatory future of cryptocurrencies and our discussion on state-of-the-art trading tools will arm you with the knowledge to thrive in the era of digital investment. Tune in for an episode that offers a comprehensive guide through the complex world of currencies, commodities, and the future of investing.

Visit blog.realtyhive.com for more details on this episode.

About the guest - Christian Assal:
Christian Assal is the Business Development Exec with Currencies Direct, a premier option for clients to exchange their currency securely and effortlessly.  We offer better rates of exchange compared to bank transfers and have multiple routes for clients to choose from, with one of the top foreign exchange firms in the industry to ensure risk mitigation. This service allows you and your clients to keep focus on the excitement of buying a beautiful property, all while knowing Currencies Direct has the transfers handled from first contact to closing. 

We also have a free affiliate program designed specifically for agents and their teams, enabling your clients to take advantage of our exchange rates saving them large amounts of money when transferring funds internationally.  We also provide updates to you and title companies of transfer confirmations, and offer RESPA-approved referral fees for introductions to clients who utilize our services. 

About the host - Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

For real estate professionals looking to take their business to the next level, check out Global Property Pros!

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh's Designations Include:

• Certified Luxury Home Marketing Specialist
• Certified Distressed Property Export
• Certified International Property Specialist
• Certified International Investment & Immigration Specialist
• Transnational Referral Certification

Graham Smith, Managing Director, Volopa

FinTech solutions are not just for the financial services industry. Businesses in all sectors, especially those involved in international activities can benefit from the adoption of new technologies and platforms now available in areas like FX, payments, expense management, and business reporting. Volopa brings together three solutions into one offering: global payments from the UK and EEA to 180 countries worldwide, multicurrency smart prepaid company cards, and simplified employee expense management. Robin Amlôt of IBS Intelligence speaks to Graham Smith, Managing Director of Volopa. 

In this TP Talks episode, Kristina Novak (Principal in PwC’s US National Tax Services Transfer Pricing Practice), Jessica Yin (Transfer Pricing Partner, PwC Shanghai), Rong Zhen (Corporate Tax and Forex Partner, PwC Shanghai), and Nancy Chen (Transfer Pricing Senior Manager, PwC Shanghai) discuss why many MNCs operating in China have been more attentive to year-end transfer pricing adjustments (TPAs), what TPAs Chinese subsidiaries might need to undertake, the challenges cross-border TPAs present in China, and options available for MNCs to implement year-end adjustments. The speakers also address indirect tax implications for upward TPAs, and how taxpayers can respond to a potential inquiry.

If you love jazz and live in the Triangle, you know Al Strong. The two-time Grammy-nominated trumpet player, composer, recording artist, mentor, and educator spoke with Six Count at Duke University’s Osher Lifelong Learning Institute on October 4, 2023. 

Al is the co-founder of the Art of Cool Project, a nonprofit that hosts a jazz education summer camp and the Art of Cool Music Festival. 

The Washington, D.C. native is a graduate of the Duke Ellington School of the Arts, the only public high school in the Capitol that provides dual curriculum in college-preparatory academics and pre-professional arts training.

Al holds a bachelor’s degree in jazz studies from North Carolina Central University, where he leads the program’s trumpet studio, and a master’s in jazz performance and pedagogy from Northern Illinois University in DeKalb, Illinois. 

The musician has performed internationally at the Montreal Jazz Festival in Canada, the North Sea Jazz Festival in the Netherlands, and the Peru Jazz Festival in Lima, among others. His shows have headlined the Blue Note Jazz Festival and Winter Fest in New York City, as well as D.C.’s Blues Alley Jazz Festival.

Al’s career has included performances and recordings with Aretha Franklin, the Count Basie Orchestra, and the Hamiltones. He has also served as music director for the rapper Rakim, and performed with former rapper Eric Roberson (also known as Erro) and hip hop duo the Foreign Exchange.

Al and Six Count host and producer Xara Wilde were invited to speak at a class about jazz in the Triangle. The course’s instructor, Peter Burke, manages the local jazz blog Locavore Jazz. Thank you, Peter, for the opportunity! 

Music credits

This episode features a live recording of Al Strong performing with the Rebecca Kleinmann Latin Jazz Quintet at Beyu Caffee on January 7, 2023. The performers that evening included Rebecca Kleinmann on flutes and vocals, Stephen Anderson on keys, Andy Kleindienst on bass, Gastón Reggio on drums, and Brevan Hampden on congas and other percussion. 

This season features the songs “Forged in Rhythm” and “Callous & Kind” by Keenan McKenzie & The Riffers (2017), used by Six Count with permission from the artist. 

Support the show

If you’d like to support Six Count for GivingTuesday, you can make a gift on DonorBox or Venmo @thexarawilde. Follow Six Count on Instagram at @sixcountpodcast and Xara Wilde on Facebook and Instagram @thexarawilde.

How to listen

You can find Six Count on Apple Podcasts, Spotify, or any other listening app. The series also airs on taintradio.org, an online jazz radio station based in North Carolina, on Sundays at 6:00 p.m. and Fridays at 8:00 p.m. EST. 

Kansas Wheat Commission and Kansas Association of Wheat Growers 

Sofia Fioravanti hails from the quaint, picturesque town of Lake Como, Italy. As a youngster, it was her dream to travel and study abroad in America. At 18 years old, and without knowing one word of English, Sofia boarded a plane and took her first flight ever across the Atlantic to the United States. Her final destination would be Elyria, Ohio, where she would enroll as a senior at  Elyria High School through a foreign exchange student program. Sofia said while at EHS this school year, she's had the full "American high school experience." And what did she make of it? You'll just have to listen to this episode of Petey Podcast to find out!  Get comfortable and settle in for this interview with Sofia--she's a delight and you won't be disappointed! (Since this interview was recorded in early May,  Sofia graduated from Elyria High School with the Class of 2023. She will return to Italy in June to pick up where she left off with her Italian studies as a fifth year Science High School student.)

It's a great day to be a Pioneer! Thanks for listening. Find Elyria Schools on Facebook, Twitter, Instagram and YouTube!

Foreign exchange student programs offer students the opportunity to study abroad and immerse themselves in a new culture. These programs provide a unique opportunity to broaden a student's perspectives and to learn a new language through immersion. They also give young learners a chance for personal growth and development, as students must navigate unfamiliar social, political, economic, and cultural landscapes during the course of their programs. Learn about the exchange student experience on this week's episode of 16:1!

Exchange Visitor Visa - U.S. Department of State

Study in Europe with Student Visas and ETIAS

About International Student Exchange (ISE)

Twitter - New York Metro Weather

Wikipedia - Emo of Friesland

IMDB - Abbott Elementary

Wikipedia - Schengen Area

Gizmodo - Dungeons & Dragons Scraps Plans to Update Its Open Game License By Linda Codega

Many of us are familiar with exchanging our foreign currencies over the counter at various VM Building Society locations. However, did you know that Businesses could benefit from this service?

In this episode of the VM Wealthwise Podcast, Megretta Hall,  who is the Manager for all things  F/X Trading @ the VM Group, teaches us all things about VM FX Trading!

To kickstart Season 3, we will be looking at the topic, "Adopting an Abundance Mindset: Invest Early, Invest Often!".

To have an abundance mindset equates to the analogy that there is always more. More to try, more to earn, and more to learn in finance. 

This week's episode will assist you in transforming your mindset into a positive one as you listen to our young guest Ajani Miller, 6th Former @ Kingston College, alongside his mother, Denise Marshall Miller - Senior Manager for Bond, Equity & Digital Asset Trading.

Turn the volume up and grab your notepad!

Brent Donnelly, President of Spectra FX Solutions and author of, "Alpha Trader" and, "Art of Currency Trading", discusses his attraction to currency trading and the mindset needed to succeed in a field that is both art and science.

This is a special episode featuring Kyriba’s Senior Vice President of FX Sales and Advisory Services, Andy Gage.

For nearly 20 years, Andy has been helping multinational companies automate and optimize their currency risk management programs. Prior to his current role, Andy served as VP of FX Risk Management Solutions at Kyriba.

On this episode, Andy discusses how to harness automation and smart analytics to run an 

effective corporate risk management program, the effects of inflation on markets globally, and being better prepared for the next crisis.

Quotes

*“The FX job within the treasury and finance function is one of those odd jobs, because they know they've done their job when nobody is talking to them or asking them questions. That's when they've really done really well. So when I talk to some of my colleagues that I've worked with over the years, they say, ‘I had a great quarter. Nobody talked about FX in the last quarter earnings release.’ That's when they've done their job.” 

*”A tailwind can be just as complicated or problematic as a headwind, because it implies a lack of control on your risk management, or your ability to manage currency impacts.”

*”When it comes to the earnings call, when it comes to the end of the quarter, when it comes to the board briefings, currencies is not a topic. Because it's been effectively neutralized. Now you may get questions, you know, because of, especially what's happening in the markets right now. But the proper response from a CFO or treasurer to those questions is, ‘We understand our exposure. We've taken appropriate steps to minimize the impact of the volatility in the markets. And, for all intents and purposes, it's really not having a material impact on our financial results. If you can articulate that to the board and the investors, that is the perfect response to that market situation that we're dealing with right now.” 

*”What's complicated right now is the recent surge in inflation. The reactions by central banks, such as the federal reserve here in the U.S., to increase interest rates, to try to knock the inflation down… I think everybody feels that in their own pocket books today. But when you increase the interest rates, what a lot of people don't appreciate and understand is the interest rates are directly impacting the cost of hedging. And so what we're seeing right now on top of that large increase in risk in volatility and pressure to earnings, treasury teams are faced with a very difficult challenge of keeping their FX budgets where the CFO set them, because the cost of hedging is increasing as well.” 

*”Just because you have an amazing accounting system like SAP or Oracle doesn't mean that the people are recording things correctly in those systems. And we see issues right there. If you don't have technology that streamlines this process, the spreadsheets that I've seen people use to calculate their foreign exchange exposure are literally some of the most complicated and risky. There's so many potential points of failure in those spreadsheets. And I've seen situations where we've audited a company spreadsheets, and they were trading currency in the wrong direction. So what they thought was reducing risk was actually adding risk.” 

*”If you step back and a CFO really looks at all of the financial risks that are under he or she's responsibility, currency risk is arguably the largest financial risk that they have to deal with. And now that you're seeing the succession of of currency crisis, fueled by macroeconomic and global events and various other crises, I think the risk management teams are getting a lot more focus and a lot more attention and a lot more enablement… I'm now seeing the CFOs saying, ‘Okay, we now need to invest in automating this because we'll see another one of these crises. And the unfortunate thing is we don't know when it's gonna hit us next.”

Time Stamps

*[4:46] Andy’s path to FX risk management

*[9:06] Which kind of treasurer are you?

*[12:25] What’s the difference between a head wind and a tail wind?

*[18:59] The key litmus test of whether your risk management program is effective

*[20:14] Understanding the current market

*[22:27] How inflation impacts the cost of hedging

*[26:05] Why is risk management one of the hardest jobs in finance?

*[29:44] What an effective risk management team looks like

*[33:42] The role of an FX risk manager

*[40:43] Tools for managing FX risk

*[44:36] Different strategies for managing risk and gaining confidence

Sponsor

The Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.com

Links

Connect with Andy on LinkedIn

Follow Andy on Twitter

Connect with Daniel on LinkedIn

Follow Daniel on Twitter

This year the Indian Rupee has depreciated almost 7% against the US dollar. On 14th July 2022, it briefly touched the Rs 80 mark against the dollar. Why is the rupee falling against the dollar? What will be the impact on the economy? Is there anything the government can do? Anupam Manur talks to Sarthak Pradhan.

You can follow Anupam Manur on twitter: https://twitter.com/anupammanur

You can follow Sarthak Pradhan on twitter: https://twitter.com/PSarthak19

Check out Takshashila’s courses: https://school.takshashila.org.in/

You can listen to this show and other incredible shows on the new and improved IVM Podcast App on Android: https://ivm.today/android or iOS: https://ivm.today/ios

You can check out our website at https://www.ivmpodcasts.com

See omnystudio.com/listener for privacy information.

Pierre-Antoine Dusoulier, CEO, iBanFirst

Belgium-based payment institution iBanFirst announced the takeover of UK FX provider Cornhill International Payments late in June. The acquisition builds on iBanFirst’s long-term funding partnership with private equity firm Marlin Equity Partners and represented an opportunity for the financial services provider to expand its international footprint and extend its European PSP licence to the UK. Robin Amlôt of IBS Intelligence discusses the deal with iBanFirst CEO Pierre-Antoine Dusoulier.

Also in this episode:

• Angel Zou, Product Specialist at Moneris co-hosts and talks about Moneris Go Appétit
• Sean McCormick, Director, Sales & Marketing at Spendscape talks about tourism spending trends.
• Amanda Ibrahim, Communications Specialist at Moneris gives a rundown of July’s events calendar.

What were the features of India’s pre-1991 trade policy? How has it evolved? What are some policy lessons for the current context? Anupam Manur talks to Sarthak Pradhan about changes in India’s trade policy.

Here is the essay referred to in the podcast:

From Protectionism to Global Integration: India's Trade Policy Before and After 1991 - Anupam Manur

Follow Anupam on Twitter: https://twitter.com/anupammanur

Follow Sarthak on Twitter: https://twitter.com/PSarthak19

Check out Takshashila’s courses: https://school.takshashila.org.in/

You can listen to this show and other incredible shows on the new and improved IVM Podcast App on Android: https://ivm.today/android or iOS: https://ivm.today/ios

You can check out our website at https://www.ivmpodcasts.com

See omnystudio.com/listener for privacy information.

The sanctions on Russia’s central bank use the reserve currency status of the US dollar to punish an American adversary.  Will the US dollar lose its exorbitant privilege?  What currency might replace the US Dollar as a reserve currency?

Patrick's Books:
Statistics For The Trading Floor:  https://amzn.to/3eerLA0
Derivatives For The Trading Floor:  https://amzn.to/3cjsyPF
Corporate Finance:  https://amzn.to/3fn3rvC

Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

Vladimir Putin has demanded payment in roubles for Russian gas sold to “unfriendly” countries, setting a deadline of 31 March for the transition.

It is not clear whether he plans to tear up existing contracts that set the price in euros or dollars, but Germany, which relies on Russia for 40% of its gas supplies, is not taking any chances, warning large industrial gas users that a standoff is possible and rationing is one possible outcome.

In todays video we ask why payment for Russian exports in rubles has become a major issue for the Kremlin, and whether Putin could extend the plan to include exports of oil, grain, fertilizers, coal, metals and other key commodities.

Patrick's Books:
Statistics For The Trading Floor:  https://amzn.to/3eerLA0
Derivatives For The Trading Floor:  https://amzn.to/3cjsyPF
Corporate Finance:  https://amzn.to/3fn3rvC

Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

Listen to a review of recent economic market performance. Plus key factors likely to affect major currencies over the next 12 months  

• Covid moving from pandemic to endemic – but market volatility likely to continue
• Supply and labour woes continue for business  – causing rising inflation and a major headache for central banks
• Sharp rise in inflation – central banks consider raising rates

Read our latest Currency Market Forecast to:

• Help you decide when to convert your currency
• Improve budgeting for your next financial year
• Provide bespoke analysis for your exposures