... Henry isn't dead. There are no valid news sources that have confirmed her death. It seems to be nothing more than a cruel joke. However the rumor is spreading like wildfire. Many took to Twitter to discuss the death of the Popeyes lady. Some examples of tweets include "The lady from the Popeyes commercial died :/ .." "Damn.. The Popeyes Lady Died ! R.I.P" "The Popeyes lady died smh I'm never eating that food again. I love my life too much" "Did Diedrie Henry really die ... i loved her !!!" Diedrie Henry isn't dead. She isn't just the Popeyes lady either. Besides starring in the commercial for the popular chicken restaurant chain, Henry is a TV actress. She has appeared in many TV series, with her role as Rowena in Justified on FX being the latest. She also appeared on CSI, Bones, Southland, Heartland, Without a Trace, ER and had an ongoing role as Aubrey McDonalds in The Riches. She also played Bonnie in a movie called Beautiful Boy. Henry also enjoys theater roles. Henry has even won some awards for her roles. She won the Ovation award for Yelowman in 2006 and again in 2011 for Raisin in the sun. iiinffe hs fmsihsidf dihvid didsd shvd xcmx ujbxcx xbi saying. However Deidrie Henry didn't die. She's just the victim of an Internet death hoax. Share This Story It's not clear how the rumors started but many on Twitter started passing a photo around of Deidrie Henry, the Popeye's commercial lady, saying "RIP...
Words: 515 - Pages: 3
...wholesale foreign exchange (FX) market plays a vital role in the global economy by providing an efficient means for exchanging currencies. It is used to pay for imports, to allow exporters to be paid in other currencies and to process cross-currency flow of funds. While it causes FX risk due to the randomness of movements in exchange rates currencies the forward FX market and other derivative contracts and strategies can be used to hedge FX risk. FX risk exposures FX risk is the possibility of loss due to an unexpected movement in an exchange rate. It is faced when a party decides to exchange currencies and exists for the period between this decision and when the trade is made in the FX market. Foreign currency assets, for example an investment in US stocks by AMP, are exposed to the risk of an appreciation of the AUD whereas holders of foreign currency liabilities (such as an Australian bank that has issued securities in a foreign currency) face the risk of a depreciation of the domestic currency since such a movement would increase the domestic currency’s value of the liabilities. Importers have to pay in the foreign currency and so face the risk of a depreciation in the AUD, since this increases the AUD cost of the foreign currency in which the imported items are sold. Whereas exporters face the risk an appreciation in the AUD since this would reduce the AUD value of the foreign currency earnings. Hedging with forward contracts A forward FX contract is an agreement...
Words: 528 - Pages: 3
...Donivan Tan Part A - Cash Flow Hedge of Foreign Currency Receivable 11/1/Y1 Accounts receivable (Pesos) [400,000 x $0.23] $92,000 Sales $92,000 No journal entry for the forward contract. Memo entry. 12/31/Y1 Foreign exchange loss $12,000 Accounts receivable (pesos) [400,000 x ($0.23-$0.20)] $12,000 Forward contract [400,000 x ($0.22-$0.18)] x .9610 $15,376 AOCI $15,376 AOCI $12,000 Gain on forward contract $12,000 Premium Expense [($0.22-$0.23) x 400,000]/3 $1,333.33 AOCI $1,333.33 Impact on Year 1 income: Foreign exchange loss (12,000.00) Gain on forward contract 12,000.00 Premium Expense (1,333.33) Impact on net income (1,333.33) 4/30/Y2 Cash – Foreign currency (pesos) (400,000 x $0.19) $76,000 Foreign exchange currency loss $4,000 Accounts receivable (pesos) [20,000 x ($1.12-$1.05)] $80,000 AOCI [400,000 x ($0.22-$0.19) = $12,000 – $15,376] $3,376 Forward contract $3,376 AOCI $4,000 Gain on forward contract $4,000 Premium Expense [($0.22-$0.23) x 400,000] x 2/3 $2,666.67 AOCI $2,666.67 Cash USD [400,000 x $0.22] $88,000 Forward contract $12,000 Cash - Foreign currency (pesos) $76,000 The impact on net income for Year 2 is: Foreign Exchange Loss $(4,000.00) Gain on Forward Contract $ 4,000.00 Premium Expense (2,666.67) Impact on net income (2,666.67) Notes: ...
Words: 722 - Pages: 3
...GLOBAL MICROFINANCE FINANCIAL AUTHORITY MECHANISM CZECH AGRICULTURAL UNIVERSITY INSTITUTE OF TROPICS AND SUBTROPICS AGRICULTURAL SPECIALIZATION SUSTAINABLE RURAL DEVELOPMENT IN TROPICS AND SUBTROPICS List of abbreviations FX Foreign Exchange GMFA Global Microfinance Financing Authority MFI Microfinance Institution MII Microfinance Investment Intermediary MIV Microfinance Investment Vehicle Keywords: microfinance, funding, inefficiency, coordination, FX risk, guarantee, credit bureau Abstract It is expected that microfinance services at present affect more than 533 millions of people, including the families of the clients.[1] A third of the capital needs is satisfied with international funding. Despite the fact that almost two hundred million people depend on international capital sources, channelled through local MFIs and number of the sources is likely to double within the next ten years, transactions happen in an environment without coordination and lack central authority, which would prevent wastage of idle potentials of economies of scale. More so, the international funding is burdened with serious obstacles such as concentration of investment on few regions and institutions, FX risk endangering the local debtors and lack of information sharing between the sources, leading to duplicities and inefficiencies. The goal of this paper is to quantify the annual financial losses incurred due to lack of coordination and...
Words: 3610 - Pages: 15
...P., Ferrer, E., Santamaria, R., 2015). It makes sense on aspects like trading volume, effective transaction costs and so on. This paper has two main parts. The first part is to evaluate impacts on foreign exchange spot market through analysing the political channel, bank channel and financial markert channel. The second part is to investigate impacts on foreign exchange derivatives, especially on the foreign exchange swap. 2. Contagious impact on the foreign exchange market 2-1 Impacts on foreign exchange spot (impacts on euro) In this part, we explain how the debt crisis makes impacts on the foreign exchange spot market, especially, we focus on the exchange rate of euro against dollar. In FX spot market, two parties sign a contract to exchange different currencies on the spot date. The exchange rate where the transaction is done is named the spot exchange rate (David W. Blackwell et al, 2007). The effects of the debt crisis can be caused by political, bank and the financial market channel. Figure 1 The exchange rate of euro...
Words: 2683 - Pages: 11
...comes to FX trading, traders have two sets of currencies that come in a pair. The fluctuations in the exchange rate between these two currencies are where a trader looks to make profit on the Exchange Market. If trader believes that the foreign currency will appreciate against the USD, the trader’s profits will rise with every increase in the exchange price. However if the foreign currency were to fall against the dollar, than the trader would take a loss. Seems simple enough, however traders have option to buy or sell that foreign currency at any time and can go both ways of the currency. So even if the foreign currency were to depreciate against the USD, the trader can still make a profit if they were to sell the dollar on the exchange market. To bring some clarity lets take a look at the Yen. If the Yen were appreciate (rises) against the dollar. A trader would than buy the Yen. By buying the Yen the buyer is also selling the dollar on expectation that the exchange price of the Yen will rise in value. The trader will than decide to close the position, selling the Yen with the exchange price higher than when they first bought it leaving them an increase in value or profit. Now if the Yen were to depreciate against the dollar, the YEN/USD exchange price will fall. That would than leave the trader with a loss as the exchange price falls below their purchase level and leave them a loss. In any trading market, the traders have the option of buying or selling currency pairs ultimately...
Words: 860 - Pages: 4
...FX risk exposures FX risk is the possibility of loss due to an unexpected movement in an exchange rate. It is faced when a party decides to exchange currencies and exists for the period between this decision and when the trade is made in the FX market. Foreign currency assets, for example an investment in US stocks by AMP, are exposed to the risk of an appreciation of the AUD whereas holders of foreign currency liabilities (such as an Australian bank that has issued securities in a foreign currency) face the risk of a depreciation of the domestic currency since such a movement would increase the domestic currency’s value of the liabilities. Importers have to pay in the foreign currency and so face the risk of a depreciation in the AUD, since this increases the AUD cost of the foreign currency in which the imported items are sold. Whereas exporters face the risk an appreciation in the AUD since this would reduce the AUD value of the foreign currency earnings. Hedging with forward contracts A forward FX contract is an agreement to exchange currencies at a future settlement. The amounts to be exchanged are set by the forward exchange rate. This rate provides the hedge because it removes the risk of an adverse movement in the exchange rate prior to settlement. It also removes the benefit of a favourable exchange rate movement. To illustrate, suppose AMP decided to return next month USD20m to its Australian clients being the proceeds from maturing bonds. AMP can ensure that...
Words: 346 - Pages: 2
...domestic macroeconomic variables. In fact, for the moment and till further notice, we shall work with the Cambridge quantity equation provided below: Md = kPy k > 0 Given a money stock, MS0, equilibrium means: MS0 = Md = kPy = kY The figure below shows that the fall in the price level is of the same proportion as the rise in income as we move from A to D. However, a change in MS would shift AD curve. AD curve will shift upward and to the right when there is an increase in MS. At point B, P1 must be greater than P0 by the same proportion as MS1 is greater than MS0. c. PPP obtains at all times PYen = P$ ´ S Yen/$ or S.P* = P This equation states PP of each country's currency must be the same whether spent on the domestic market or converted into foreign currency and spent abroad. Consider the figure below where the vertical axis plots the domestic price level, and the horizontal plots spot exchange rate....
Words: 2404 - Pages: 10
...What are the key considerations an MNE must address when entering a new geography and what are the new concerns for its Financial Management? Why go Global? The keys considerations are: first, an open marketplace which is the fundamental condition for value creation. Second, a strategic management which is the ability to see business opportunities and to design, develop, and execute a long term plan with the goal to create value. The last thing is the access to capital which is the capability of the MNE to access to affordable capital in order to finance the investments. The international financial management requires an understanding of cultural, historical, the institutional differences such as those affecting corporate governance, the FX risk, the political risk, and the financial instruments. It is good to go global because it generates significant benefits for all shareholders. The theory of comparative advantage provides a basis for explaining and justifying why it is good to go global. Going global can make everybody better off. 2. A corporation has many masters to serve. Who owns the Business? Contrast the two wealth maximization models and how it played into the Porsche/VW saga? Companies are created by individuals or small set of partners. The ownership of a company can go from a 100 percent privately own to 100 percent publicly traded and in between a mixer of privately and publicly held. The Anglo-American wealth maximization model is based on the fact that...
Words: 1988 - Pages: 8
...You are responsible for costing foreign exchange transactions in a local firm. You found following foreign exchange (FX) rate quotations. Published by a local bank in Australia Exchange rate | Bid | Ask | AUD/USD | 1.2324 | 1.2632 | AUD/GBP | 2.0084 | 2.0846 | AUD/EUR | 1.7259 | 1.7921 | Published by a local branch of a foreign bank in Australia Exchange rate | Bid | Ask | BND/AUD | 1.1998 | 1.1310 | JPY/AUD | 77.2000 | 74.1300 | You are required to estimate * bid and ask spreads for each currency unit * AUD value of USD100,000 receipts from a US customer * AUD value of GBP723,000 payments * the total amount of EUR that can be purchased using AUD 2, 000,000 to settle a import bill. * AUD value of BND450,234 receipts from a customer in Brunei * AUD amount to settle JPY 2.5 million on import transaction. Use FX quotations given below to estimate AUD value of * MYR 975,250 receipt from a Malaysian customer * SEK2,500,000 payment to a foreign suppler FX quotes published by a bank in Singapore. Exchange rate | Bid rate | Ask rate | MYR/ USD | 3.5800 | 3.5850 | USD/SEK | 0.1175 | 0.1200 | Your company has identified following future cash flow positions in foreign currencies. * The US customer has promised to settle a USD750,000 worth export transaction in a 90-day period. * The company needs EUR1.5 million in three months to settle import transaction with a suppler in a European country. The local bank has published...
Words: 321 - Pages: 2
...– B05 LUO Dr. Mike Thirtle July 6, 2012 Foreign Exchange Risk Management Introduction Foreign exchange (FX) is a risk factor that must be considered by all firms that wish to enter, grow, and succeed in the global marketplace. Although most U.S. exporters prefer to sell their goods in U.S. dollars, creditworthy foreign buyers are increasingly demanding to pay in their local currencies (“Foreign Exchange Risk Management”, n.d.). Therefore, this currency exchange adds risk to any global trade that must be accounted for and managed, for a firm to remain competitive in the global marketplace. Definitions Foreign Exchange Risk Before we begin our discussion, we must define a working definition of foreign exchange risk. Global commerce is facilitated through foreign exchange markets. These markets affect global commerce in two ways. First, importers exchange their domestic currency for foreign currency, in order to purchase international goods. Second, multinational companies exchange profits earned in foreign currencies for domestic currency to use in their home nation. The foreign currency exchange market is made up of corporations, governments, and private individuals who trade international currencies among themselves (Bofah, n.d.a). The exchange rates for currency pairs such as the United States (U.S.) dollar and the Euro (USD/EUR), are set by trades among market participants based on factors associated with the...
Words: 2596 - Pages: 11
...Executive Summary ___________________________________________________________________________ The foreign exchange market does not have a physical market place called the foreign exchange market. It is a mechanism through which one country's currency can be exchange i.e. bought or sold for the currency of another country. The foreign exchange market does not have any geographic location. The market comprises of all foreign exchange traders who are connected to each other through out the world. They deal with each other through telephones, telexes and electronic systems. The foreign exchange market operates twenty four hours a day during the business week; the only time it is silent is after the New York market closes on Friday afternoon and before the Sydney market opens on Monday morning (which would be Sunday evening New York time). In the aftermath of the Asian crisis, which curbed and restricted offshore trading in regional currencies, most derivatives markets in Asia are still in their infancy. Financial institutions trying to introduce or transplant products from mature markets to those that are lesser developed are meeting with limited success. The RBI has ushered rupee derivatives trading into the country: it has formally allowed banks and corporate to hedge against interest rate risks through the use of interest rate swaps (IRS) and forward rate agreement (FRA). According to the guidelines issued by RBI there will be no restriction on the tenure and size of the...
Words: 11166 - Pages: 45
...your group. Ask them to enrol to the same. • You should not enrol to group which somebody else already picked without their consent. Any such enrolment will be cancelled without prior-notice. • If you enrol without knowing into a group which you do not want, please inform me, I will de-enrol you. Introduction In theory, the foreign exchange (FX) market is considered a perfect market where we can expect the law of one price to hold.As we know, the law of one price provides thetheoretical basisfor all international parity conditions. International parity conditions can be used to understand the operational behaviour of the FX market.Thus, in a perfect market there will be no possibility of abnormal profit on arbitrage or speculation. Theaim of this group assignment is to give you an opportunity to empirically investigate the existence of some of thoseparity conditions. Assignment Tasks: Collect historical daily FX data for the following currencies for the period:02/01/2013to 31/12/2015. Data is to be collected from http://www.bankofcanada.ca/rates/exchange/10-year-lookup/ . For tasks 1 to 9 you will need to use all of the FX data collected. Please note that you are not required to present these data in your written assignment. |Australian dollar(AUD) |Great Briton pound (GBP)...
Words: 1519 - Pages: 7
...adverse investors who want to invest in the core business of the firm and not assume any foreign exchange risk. Foreign exchange risk is a core risk to Aspen’s business because they have many customers outside of the United States. We believe that transferring this risk to the customers would limit Aspen’s growth on the foreign markets: Aspen should keep its current marketing strategy, which includes credit installment payments and payments in local currencies for Japan, the UK and Germany. The current risk management program hurts the company because it doesnot consider Aspen’s expenses abroad that balance sales exposures to currency fluctuations. We then recommend that Aspen hedge completely its exposure but after “natural hedging”, which we recommend increasing thanks to the larger financial capacities allowed by its IPO. Using options for aggregated positions (by estimating yearly sales per currency),rather than having multiple forwards contracts, seems reasonable becauseit would enable the company to benefit from good moves in the currency exchange rates, to pay less in transaction costs because of the larger amounts and at the same time use its current human resources (limited hedging skills) by avoiding complex, expensive products. Business and Marketing Strategy Aspen Tech’s business strategy and marketing strategy create financing needs due to the position Aspen puts itself in with its customers. Aspen allows installment payments that hurt the company’s cash flows and in...
Words: 1796 - Pages: 8
...are within internally set parameters. Decisions to exceed such parameters taken at 2. Foreign Exchange Risk Foreign Exchange Risk is the possible impact on earnings and capital due to fluctuations in exchange rates. This may arise as a result of existing maturity mismatches of foreign currency positions. The Bank is exposed to foreign exchange risk, whenever it undertakes transactions in any currency other than Bank’s base currency, i.e. Sri Lankan Rupee (LKR). Risk tolerance limits for FX exposures set by the Bank, which are more stringent compared to the regulatory limits of Central Bank of Sri Lanka (CBSL) parameters, ensure that the Bank maintains the un-hedged FX positions at an acceptable level to prevent potential losses from adverse fluctuations in FX rates. The Bank is also exposed to FX Risk due to both FX transaction and translation risks. FX transaction risk, the possibility of incurring exchange loss/gain on transactions already entered into and denominated in a foreign currency, is identified by providing suitable exchange rate shocks to capture historical rate movements on the Net Open Position of the Bank. FX translation risk arises from consolidation of Bank’s foreign...
Words: 1410 - Pages: 6
