Case Study: NYC-based Seafood Distributor optimizes CAD payments with Monex Global

NYC-based Seafood Distributor eliminates FX risk on 264,000 CAD contract with Monex Global

Monex Global worked with a New York City-based seafood distributor that faced challenges due to unfavorable exchange rates and currency fluctuations on a 264,000 CAD contract with a long, staggered payment timeline. The customer needed to protect its budget and align its hedging with the payment schedule to eliminate currency uncertainty.

The solution from Monex Global involved implementing delayed open date window forwards structured to match the payment dates. This strategy leveraged interest rate differentials to secure better exchange rates. The outcome was a 100% hedge ratio that fully aligned with the payment schedule, eliminated currency risk, and even generated a profit compared to converting at the spot price.