IGTA Journal - Winter 2020/2021

Luxemburg, Article: How Should Treasurers Rethink Their FX Management ? By Francois Masquelier, Chairman of ATEL, the Luxemburg IGTA Member Association, and Deputy Chairman of EACT, European Association of Corporate Treasurers, from Simply TREASURY – Luxembourg, February 2021 Even after the COVID crisis, FX management remained a top priority for corporate treasurers according to recent surveys. Maybe because of the health crisis, corporations are refocusing on FX risk and treasurers look for digitizing it further, as it remains a highly manual process for a number of MNC’s. Post-COVID FX management FX management according to recent survey, post-COVID, remains a top priority risk for corporate treasurers. Why does it remain a key risk? It is not only because FX markets are more volatile since last March 2020. FX may have a severe impact on corporate P&L’s if not effectively managed. Now corporations are under extreme pressure with their operating IGTA eJournal | Winter 2020/21 | 27