Predict foreign currency
Aforex is a platform that helps manage market volatility by predicting the exchange rate of foreign currency against the euro. It is a solution capable of suggesting which bills to cover, and in what order, by integrating all the necessary information into a single tool.
It predicts the
The algorithms of Aforex work daily on data drawn from certified web sources. They predict the probability that the exchange rate will rise or fall, i.e., that the euro will gain or lose value against the foreign currency (at varying time intervals, from 1 week up to 6 months).
It suggests priorities
Aforex suggests which lines of the billing schedule are the most appropriate to cover on today's date, basing on forecast and user-configurable hedging/priority rules. In this case, it analyzes all rows of open orders in foreign currency (USD), not yet covered and not yet collected.
Aforex provides access to an overview of the current status of the company's foreign currency (USD) exposure and hedges. It provides guidance on data updates and inconsistencies found in different data sources.
It integrates forecast with external data sources
It prevents losses through comprehensive risk management
It identifies favorable currency conditions for extra-gain
It configures hedge priorities according to company policies
It learns new trends and continuously updates
Check consistency of sources in the "exception management" screen
Aforex makes it possible to take advantage of the Digital Innovation 4.0 tax credit.