Managing Foreign Currency for U.S. Exporters & Importers

Too many companies assume they can conduct all international trade using U.S. dollars. They also assume the world of foreign exchange is just for large international companies. Both assumptions are wrong. Companies, including those that are small to midsized, will be more competitive if they understand how to leverage foreign exchange tools to increase exports and lower import costs. This webinar will explore ways in which foreign exchange management can increase your competitive position. This training event is sponsored by the Turner Center for Entrepreneurship and Illinois SBDC International Trade Center at Bradley University. This webinar is intended for both exporters and importers. Topic include: • Foreign currency (FX) tools • How FX can be used to increase exports • How to quote both USD and home currency quotes • How to manage currency exposure while protecting profit margins • How importers can benefit from the range of tools available to manage their FX requirements when paying for imports in non-USD currencies Speaker: Andrew Woelflein is the Managing Director of Partnerships at Monex USA, a provider of corporate foreign exchange (FX) and international payment solutions. Over his 16-year career at Monex, he has developed and implemented a growth strategy including international and domestic expansion, new product development, and joint ventures. He currently focuses on new Partner channels to integrate Monex technology through Co-branding the Monex FX platform and API integrations. He was also the Chief Compliance Officer from 2007-2013 responsible for the firm’s national licensing programming and anti-money laundering compliance program. Before joining Monex, Andrew was the Vice President of Global Marketing and Product Management at Ruesch International (which became Western Union Business Solutions). Andrew was a Vice President at Bankers Trust based in London and New York from 1994 to 2000 focused on trade finance, FX, and both domestic and cross-border payments. He launched his international career at American Express Bank in New York where he managed correspondent bank clients in France, the Benelux, and Switzerland. He holds a BA from Brown University in European History and an MBA from the Harvard Business School. He is business conversant in French. Cosponsors: Greater Peoria EDC//FTZ 114, Illinois Manufacturing Excellence Center