Monex Canada Unveils Industry-First FX Portfolio Analysis Report Solution

New Monex Canada offering enables financial experts to make faster, more efficient decisions for hedging programs

Monex Canada Inc. (“Monex Canada”, a subsidiary of the wider financial services group Monex S.A.P.I. de C.V. (“Monex”), a global investment-grade financial services institution and one of the world’s leading commercial foreign exchange specialists, is pleased to announce the launch of the FX Portfolio Analysis Report solution. The FX P.A.R. is the only report of its kind in the market, taking a portfolio-based approach to present key metrics in a clear, visual format, empowering clients to make faster decisions on the execution and maintenance of their hedging programs.

Changing political climates over the past year have made foreign exchange transactions a riskier proposition for organizations with cross-border interests. Traditional trading desks often rely on ad-hoc calls to clients, offering limited data and little visibility into their broader hedging strategy. Chief Financial Officers and Treasurers, often lacking the time to compile such detailed analyses themselves, need a reporting solution that helps them make quick and accurate decisions to keep pace with Canada’s fast-moving market. Monex Canada’s FX P.A.R. tool is a free-of-charge add-on feature available to select Monex Canada clients. It streamlines the analysis process, minimises the risk of manual errors and avoids the potential for misleading decision-making based on inconsistent data. CFOs and Treasurers can now confidently make smarter decisions that protect their bottom line from FX fluctuations.

The FX Portfolio Analysis Report is designed specifically for Canadian businesses engaging in option contracts with a strict budget rate. The report consolidates all transactions and scenarios into a single, comprehensive document, effectively communicating the client’s overall risk. The report includes three main areas:

1. Scenario Analysis takes into account a company’s monthly forecasts as well as transactions during the current budgeting period to provide a scenario analysis showing how the overall achieved rate could be impacted by future conversions.
2. Current Performance quantifies the rate needed for the remainder of the budgeting period to reach the set budget rate, and visualizes current hedge ratios to identify periods for topping up the company’s hedges.
3. The Frequency section is released weekly to preferred Monex hedging clients.

Anil Sawrup, Chief Executive Officer of Monex Canada, said: “At Monex Canada, we recognize our clients’ need for a tool that provides a clear, concise overview of FX transactions and risks, so they can make strategic decisions in collaboration with their dealers. The FX Portfolio Analysis Report integrates all transactions and hedging strategies into one place to facilitate efficient and effective decision-making. Companies are seeing more success in analysing how their FX trades impact their overall budgeting period, specifically in how the trades help them accomplish their overall goals. The FX P.A.R. acts as a scorecard outlining the performance of a company’s FX hedging program versus their goals and forecasts within a specific budgeting period. This report will be essential for CFOs and Treasurers navigating today’s volatile market, particularly with the upcoming US Presidential inauguration on January 20th.”

With a global footprint expanding across Europe, Asia Pacific and North America, the Monex group is continuing to increase its product offerings, especially in light of the political changes that are likely to impact cross-border organizations. Monex Canada, currently headquartered in Toronto, grew extensively within the FX industry in 2024, a growth streak that is set to continue this year.

EDITOR NOTES

About Monex Canada Inc.

Monex Canada Inc. (“Monex Canada”) is an independent subsidiary of Monex Europe Holdings Limited (“MEHL”). Part of the wider financial services group, Monex S.A.P.I. de C.V. (“Monex”), MEHL oversees a diverse range of subsidiaries actively engaged in the FX and payments industry. These subsidiaries include Monex Europe Limited, Monex Europe Markets Limited, Monex Europa S.L., Monex Europe Markets, S.V., S.A.U., Monex Europe S.A., MonFX Pte Ltd. and Monex Canada Inc., with offices in the UK, Spain, the Netherlands, Luxembourg, Singapore and Toronto.

Established in 1985, Monex is a distinguished investment-grade financial services institution, catering to an extensive clientele of over 66,000 worldwide. In the dynamic and challenging global landscape of 2022, Monex orchestrated an impressive US$303 billion in deliverable FX trades and managed assets totalling US$11.1 billion. Monex’s global reach extends across key financial hubs in North America, Latin America, Europe, and Asia, with a dedicated team of over 2,800 professionals.

For more information, please visit: www.monexcanada.com

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