IN THIS ISSUE |
|
Exploring Hedging Transactions
Mr. Graf started his presentation "Hedging Your Foreign Exchange Exposure" by analyzing economic and political events that propel exchange rates. He explained the differences between convertible and non-convertible currencies and focused on the obstacles that the latter can present to companies doing business overseas. Mr. Graf illustrated the possible effect of exchange rate fluctuations on margins. He showed charts tracking the weakening U.S. dollar exchange rates against such major Latin American currencies, as the Mexican peso, the Brazilian real, the Colombian peso, and the Chilean peso over the last three years. Mr. Graf described several scenarios whereby companies can protect themselves from adverse movements in the exchange rate. The seminar’s attendees took advantage of the unique roundtable format of the WTCGP Trade Tactics Mentoring Breakfast program to discuss common issues and challenges of doing business internationally. Banking sector experts present at the event were asked questions about risks associated with international credit card payments, fees charged for international bank-to-bank wire transfers, as well as the costs and benefits of various international payment methods. Following the discussion, breakfast participants met one-on-one with their mentors for 30-minute mentoring sessions. The World Trade Center of Greater Philadelphia would like to thank Sovereign Bank and Al Dia for sponsoring the WTCGP Trade Tactics Mentoring Breakfast "Succeeding in Latin America: Getting Paid, Foreign Exchange.” Next Trade Tactics Mentoring Breakfast "Export Shipping and Documentation" will be held on June 24, 2008. Due to the unique roundtable setting of this event space is limited. Please register early!
|
Become a Member |
|
Start enjoying the benefits of WTCGP membership today. |
Upcoming Events |
|
April 23, 2008 -Visit of PA ATRs for China - Beijing, China - Shanghai, India, and Brazil April 30, 2008 - "Business Opportunities in the Booming Gulf States" May 7, 2008 - Visit of PA ATRs for Germany, France, Spain and the UK May 21, 2008 - WTC Day Dinner Support our honorees by becoming a sponsor or placing an ad. |
E-Newsletter Sign Up |
|
Stay informed of what's happening at the WTCGP. It takes just a minute to sign-up. |
Leadership Council |
|
Economic Development Administration (EDA)
LeBow College of Business, Drexel University
PA Department of Community and Economic Development
Philadelphia Industrial Development Corporation
|
Ambassador Members |
|
|
Board of Directors |
| Meet our Board of Directors... |
Meet Our New Members |
|
Corporate Small Business Fitzpatrick, Lentz & Bubba, P.C. Sun Biomedical Laboratories, Inc. Pactolus Group Student Janie Eng Lashanda Morris |
Mission Statement |
|
The World Trade Center of Greater Philadelphia provides a world-class portfolio of services that enhances international trade growth and leads the Greater Philadelphia region to economic prosperity. |
Contact Us |
| World Trade Center of Greater Philadelphia, Inc. • Two Penn Center, 1500 John F. Kennedy Blvd., Suite 305, Philadelphia, PA 19102 Phone: 215-586-4240 Fax: 215-636-9026 info@wtcphila.org http://www.wtcphila.org/ |