A Foreign Trade Consultant is responsible for advising companies on international trade regulations, market entry strategies, and foreign market opportunities.
When it comes to the forward foreign exchange market, customised contracts, also known as forward contracts are undertaken. With such contracts, businesses and traders can buy or sell currency whose amount and rate are predetermined. This buying or selling will be done on a future date, as listed in the contract.
Duties/Responsibilities: Oversees and maintains the organizations foreign currency market position. Executes foreign currency transactions for clients. Establishes local exchange rates for retail customers based on market fluctuations; communicates rates to and directs other staff ingly.
They are objective in problem-solving strategies and can help you set goals to achieve the next benchmark in growth and outline long-term success. Consultants may also advise you on mergers, define what is profitable within your business, or help attract new customers.