Deciding to venture into foreign markets opens a whole world of partners, products and new markets that could take your business to the next level. But international opportunity comes with its own set of challenges, especially currency market volatility.

Currency risk management helps to minimize the effects of foreign exchange on cash flow by developing a strategy based on unique business needs.

Utilize these 4 steps to position your business for growth:

• Understand your exposures
• Create a strategy
• Choose the right tactic, and execute
• Evaluate and adapt your strategy