'Currency fluctuation needs to be managed'

Volatility in the foreign
exchange markets are the
biggest threats to crossborder
transactions and
to managing supply chain
risks this year, says chief
executive of Pangaea Fx,
Paul Margarites.
He told FTW
that a lot of
money
could be
saved by
timing what
he terms
the “point
of execution”
with regard to the
movement of finance, both
inwardly and outwardly.
“Importers and exporters
need to take a conscious
decision to ensure their
exposure to the rand’s
volatility is properly managed
by an expert in global
trading,” said Margarites.
He added that the level
of the rand against other
currencies was Pangaea Fx’s
primary concern and the
fluctuations are monitored
minute by minute.” It is this
vigilance, combined with our
global financial trading
experience, that
allows us
to make
effective
market timing
calls,” he said.
The company’s
attentiveness to
currency variations, and
its strong partnerships
with some of the major
banks, allows it to source
the most competitive foreign
exchange rates, he added,
advising the freight industry
to incorporate decisions
around foreign exchange
movements in cross-border
payments and receipts. “Too
often we find out clients
solely look at cash flow
in their determinations,”
Margarites noted.