News Releases
2011 Banana Skins Report highlights declines in FX Risk!
The 2011 Banana Skins Report, conducted by the Center for the Study of Financial Inclusion (CSFI), is an annual industry-wide survey that highlights the main risks perceived by the microfinance industry. The 2011 report was announced today, and showed a marked decline in Foreign Exchange Risk across industry practitioners, investors, and other stakeholders. The report [...]
MFX publishes Microfinance industry’s first study measuring FX risk exposure
MFX publishes Microfinance industry’s first study measuring FX risk exposure Washington DC, January 24, 2011 – Today MFX Solutions released the first comprehensive study of currency risk in the microfinance industry Risky Business: An Empirical Analysis of Foreign Exchange Risk Exposure in Microfinance. The study has found that that over half of MFIs are overexposed [...]
MFX December 2010 Newsletter
Examples of Recent Deals – 2Y USD-PHP (Filipino Peso) (Deliverable) – 3Y USD-KZT (Kazakh Tenge) – 2Y USD-PYG (Paraguayan Guarani) – 2Y EUR-XOF (West African Franc) – 2Y USD-KES (Kenya Shilling) – 2Y USD-HNL (Honduran Lempira) – 2Y EUR-NGN (Nigerian Naira) News and Activities MFX has a New Website, Take a Look! MFX has a [...]
MFX at the 2010 SEEP Conference!
MFX presented on a panel at the 2010 SEEP Conference in November with the MIX Market and IMON International of Tajikistan. The panel was entitled “Managing Risks Related to MFI Funding: Data and Tools for Managers and Investors.” MFX presented its Liabilities Planning Tool and explained its usefulness for MFIs borrowing in foreign currencies. MFX [...]
MFX Solutions Wins G-20 SME Finance Challenge with Plans to Extend Currency Management Model to SME Lenders
Company’s proven hedging model also receives 2010 Microfinance Recognition Award Washington, DC, November 2, 2010– MFX Solutions announced today it has been selected as a winner of the 2010 G-20 SME Finance Challenge for its proposal to help international SME lenders better manage currency risk. In addition, MFX’s innovative work in helping microfinance lenders was [...]
MFX wins Best New Product Innovation Award
MFX’s innovative work in helping microfinance lenders also was recognized as the top innovation in microfinance among more than eighty entries at the 2010 Microfinance Recognition Awards. Winners were announced at the Investment and Innovation in Microfinance conference held October 26-27 in Washington, DC. The awards were judged by a panel of experienced microfinance experts [...]
MFX completes Technical Assistance Pilot Project with Juhudi Kilimo in Kenya
MFX spent one week with the MFI Juhudi Kilimo in Nairobi, Kenya implementing on-site technical assistance. With a focus on currency risk and liability planning, MFX worked with Juhudi to put in place policies and procedures to implement a better ALM framework and ALCO as they begin to consider ways to optimize their funding structure. [...]
MFX CEO Brian Cox interviews with Microfinance Magazine
MFX highlighted in new CGAP Publication on foreign exchange