Foreign Exchange Strategies for Education Sector

Education sector is a global marketplace that leaves Education Institutions exposed to constantly shifting foreign exchange rates. As budget cuts become more prevalent and government funding dwindles, finance departments face increased pressure to closely monitor costs.

Whether budgeting for the library or pricing up spectrometers, most Education Institutions tend to deal on the ‘spot market’ when it comes to international transactions. This means ‘buying’ foreign currency at the exchange rate available at that time. But exchange rates can shift substantially between now and the time a foreign invoice is due, which means your invoice can end up costing more in your local currency than anticipated.

How do you manage the impact of foreign currencies when you are budgeting to pay an international invoice at a later date?

Please join Hayley McLeod and Kyle Paige from Western Union Business Solutions, as they introduce some basic tools that Education Institutions can use to take control of their exposure to fluctuating exchange rates.

Who should attend:

University and TAFE business leaders and financial professionals in the Education Sector whose organisations are directly or indirectly impacted by fluctuating exchange rates.