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Why a Currency Management Plan is Crucial for Athletes Earning in USD or AUD.

What happening this week in the markets.

Author

Chris Broadfoot
September 20, 2024

🏆 Why a Currency Management Plan is Crucial for Athletes Earning in USD or AUD 💰

When you’re earning your salary or prize money in USD or AUD, even small fluctuations in exchange rates can have a big impact on your income đź’¸. Whether you’re playing overseas, securing a sponsorship deal, or receiving prize money in a foreign currency, keeping an eye on currency markets is vital. Let's dive into some recent market trends and what they mean for athletes like you—and why having a solid currency management plan is key to protecting your earnings.📉 Federal Reserve’s Easing Cycle:

www.sportsfx.com.au/post/why-a-currency-management-plan-is-crucial-for-athletes-earning-in-usd-or-aud

Whether you're receiving your salary or prize money in USD or AUD, currency fluctuations can have a huge impact on your earnings. From recent shifts in the Federal Reserve's rate cuts to the Australian dollar's recent strength, the world of currency exchange is constantly moving, and it can directly affect your bottom line.

If you’re an athlete competing globally 🌍, it’s crucial to have a currency management plan in place to maximize your income and protect against unpredictable market changes 🛡️. Without a strategy, you could be missing out on significant value when transferring funds internationally.

  • AUD/USD - 0.6808

  • AUD/EUR - 0.6101

  • AUD/GBP - 0.5128

  • AUD/NZD - 1.0921

  • AUD/JPY - 97.26

  • GBP/NZD - 2.12.96

  • GBP/USD - 1.3275

  • EUR/USD - 1.1158

  • USD/JPY - 142.85

🎙️ Check out our previous episodes ⬇️ 

The Overseas Athlete • A podcast on Spotify for Podcasters

The Overseas Athlete Podcast is a platform dedicated to providing valuable insights and advice to professionals in the sports industry who compete on the global stage. Hosted by Chris Broadfoot, an ex-professional footballer and founder of SportsFX, it offers a wealth of information from both players and industry experts on various crucial matters, including challenges when travelling overseas, agents, nutrition, taxation, accounting, foreign exchange social media, sponsorship, and endorsements for athletes that compete globally.

podcasters.spotify.com/pod/show/theoverseasathlete

By sharing this newsletter with fellow athletes, coaches, agents, and anyone navigating the unique landscape of international competition, you're not just spreading information but fostering a community of support and empowerment. Together, we can amplify voices, share experiences, and provide invaluable insights to those who may benefit from the wisdom and guidance within.