Risk Approach™” to
Call to Register
For Our 5th Annual
& SHIRT SLEEVE SESSIONS
One Day Only
Tuesday March 11th, 2008
P.O. Box 1379, Bracebridge, Ontario, P1L 1V5
1594 Winhara Road, Gravenhurst, Ontario, P1P 1R1
Phone: (705) 684-9709 / (800) 461-4295
Fax: (705) 684-9325 / (800) 645-8933
The size of the individual transactions and the slow speed with
which orders come in and deals close, makes big boat sales (new or
brokerage) a risky place to do business. Lately, dramatic currency
fluctuations have caught some dealers and brokers out badly.
Adding to the volatility in currency exchanges between the US and
Canada, more and more Canadian companies are actively seeking to
do business in Europe, Asia and beyond.
Boating Industry Canada invited Henk VandenEnde of Jameson
International to explain how dealers can protect themselves and
maybe even profit, from currency exchange fluctuations – Ed
On any business day, more than 2.5 trillion dollars changes
hands on the global foreign exchange (FX) market, the
largest and most liquid financial market in the world.
It’s a staggering figure that dramatically illustrates the
enormous impact that fluctuating currency markets have on
the global business community. No one is immune to market
fluctuations – especially enterprises that service a cross-border customer base or who deal in high value items such as
Few individuals in the yacht business have the expertise to
effectively navigate the perilous waters of foreign exchange.
For help, we encourage business people to turn to the professionals who help corporate clients make the kind of foreign
exchange decisions that can work wonders.
A strengthening Canadian dollar and a weakening U.S.
greenback have radically altered how yachts and pleasure crafts
are priced and sold, but professional currency traders can
develop a strategy to minimize your exchange fluctuation risk.