Post by account_disabled on Feb 27, 2024 3:20:02 GMT
supports SME entrepreneurs Extending the project to promote knowledge on exchange rate risk management for SMEs doing international trade. Mr. Mongkol Leelatham, Chairman of the Executive Committee The Office of Small and Medium Enterprises Promotion (OSMEP) revealed that due to the spread of the COVID-19 virus causing exports to slow down And Thai exporters are also aggravated by the problem of currency fluctuations. The baht value still tends to strengthen. Even though the economy is slowing On average, the appreciation is about 5-7%. Therefore, it is seen that SME entrepreneurs Still facing risks, it is considered that the project to promote knowledge on exchange rate risk management for SMEs doing international trade or FX Option should be extended for another 6 months after the first project ended in November. 2020 TSNBg3wSBdng7ijM6Qr58NAtg3jV76oBAdpWyXiEkUT “This extension project will start from now until May 14th.
It is an online training seminar. that facilitates SMEs which invites Jamaica Mobile Number List expert speakers to provide useful knowledge and help develop entrepreneurs' potential to be ready to deal with imports and exports. The FX Options project is a risk insurance tool. You can set the exchange rate of the desired currency in advance. Seminar participants will receive a maximum support limit of 100,000 baht, divided into 80,000 baht for exchange rate insurance and various fees, and 20,000 baht for import and export. This method will help entrepreneurs know more clearly the amount of baht they will have to pay or receive in the future. Makes you not have to worry about currency fluctuations. and help reduce the risk of loss from exchange rates. Seminar participants will have the right to request a currency rate lock with the bank.
Without having to pay fees yourself, for example, an entrepreneur buying FX Options to sell products worth 100,000 dollars can ask to lock in the rate today at 1 dollar, equal to 33 baht, but the buyer will pay in the next 90 days, and if the rate is at that time that is locked higher than the market rate, such as 30 baht, can use FX Options rights by receiving payment at the original rate of 33 baht, but if at that time the locked rate is lower than the market rate There is no need to exercise FX Options. Traders have the opportunity to pay less or earn more. The operator may or may not exercise their rights. It is not an obligation.” Mr. Mongkol said the government supports international trade. I want to create more entrepreneurs. and ready to help Thai entrepreneurs increase their income without decreasing it amidst the fluctuations in exchange rates that occur all the time Plus the Covid crisis Makes it impossible to predict at all Therefore, buying risk through FX Options tools is very necessary. that will help make entrepreneurs “Income does not disappear, profits do not decrease” and is not difficult.
It is an online training seminar. that facilitates SMEs which invites Jamaica Mobile Number List expert speakers to provide useful knowledge and help develop entrepreneurs' potential to be ready to deal with imports and exports. The FX Options project is a risk insurance tool. You can set the exchange rate of the desired currency in advance. Seminar participants will receive a maximum support limit of 100,000 baht, divided into 80,000 baht for exchange rate insurance and various fees, and 20,000 baht for import and export. This method will help entrepreneurs know more clearly the amount of baht they will have to pay or receive in the future. Makes you not have to worry about currency fluctuations. and help reduce the risk of loss from exchange rates. Seminar participants will have the right to request a currency rate lock with the bank.
Without having to pay fees yourself, for example, an entrepreneur buying FX Options to sell products worth 100,000 dollars can ask to lock in the rate today at 1 dollar, equal to 33 baht, but the buyer will pay in the next 90 days, and if the rate is at that time that is locked higher than the market rate, such as 30 baht, can use FX Options rights by receiving payment at the original rate of 33 baht, but if at that time the locked rate is lower than the market rate There is no need to exercise FX Options. Traders have the opportunity to pay less or earn more. The operator may or may not exercise their rights. It is not an obligation.” Mr. Mongkol said the government supports international trade. I want to create more entrepreneurs. and ready to help Thai entrepreneurs increase their income without decreasing it amidst the fluctuations in exchange rates that occur all the time Plus the Covid crisis Makes it impossible to predict at all Therefore, buying risk through FX Options tools is very necessary. that will help make entrepreneurs “Income does not disappear, profits do not decrease” and is not difficult.