Our guest on Globalocity Radio today is Francia Harris.  She's a partner with Bannockburn Global Forex, a boutique capital markets trading firm specializing in currency advisory and payment  services.

Today we talk about how foreign exchange -- what it is, how it moves, who controls it, and why it matters.

Many companies don't really understand foreign exchange, or FX, and how it can affect their global sourcing or global sales.  In this podcast, we explain the basic concepts.

Some of the things you’ll learn:

* What is foreign exchange, anyway?

* Who sets FX rates?

* What kinds of things affect FX

* Why FX is complicated

* How banks make money on FX

* Why you shouldn't use your local bank to help you manage FX exposure

* Why billing only in U.S. dollars is a bad idea

* Why the Iraqi dinari is worthless, but then again, not really

* and much more!

Enjoy the show:

https://www.globalocityservices.com/wp-content/uploads/2015/01/fx-part-1.mp3

We hope you enjoyed this podcast,  and found it both useful and interesting.

Thanks for listening, and thanks to Francia and Bannockburn Global Forex for being our guest!