MONEY SMART WEEK SOUTH AFRICA Become more educated about your finances | Foreign Exchange Absa | Corporate and Investment Banking > Insights and Events > Become more educated about your finances | Foreign Exchange Chris Paizis Head: Corporate FXand International Banking SHARE Money Smart Week South Africa is a financial literacy campaign aimed at motivating and empowering all South Africans to become more educated about their finances. Financial literacy is essential for the growth and development of our Nation. Foreign exchange is the act of trading or selling one currency for another. The exchange rate is used to determine how much it will cost you to buy one unit of currency. Chris Paizis from Absa Corporate and Investment Banking unpacks Foreign Exchange breaking down what you need to know about buying and selling currencies. Chris Paizis Head: Corporate FX and International Banking https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles RISK MANAGEMENT Building a Resilient and Intelligent African Trade Ecosystem Jessica Gounden, Head of Trade and Working Capital Operations (Pan Africa) at Absa CIB, examines how Absa’s digitisation strategy is transforming trade in Africa by embedding automation, control and AI-driven risk management into its operations, while placing the client at the heart of this transformation Read more RISK MANAGEMENT The impact of trade wars on African FX volatility Gerald Katsenga, Head of Global Markets Corporate Sales at Absa Regional Operations, offers a foreign exchange response to US tariffs and global trade wars. Read more RISK MANAGEMENT Africa’s Payments Landscape: A Continuous Digital Revolution Africa is leading a global digital payments revolution as the continent continues its transition from an historic dependency on cash-based transactions towards a future characterised by digital payments. This growth is being driven by the need for instant, real-time, seamless experiences like enhanced cross-border transactions, contactless payments and digital wallets. Read more