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A problem for employees working abroad is that they are often paid their salary in a currency that is different from their home currency. The majority of these people still have commitments in their home country while they are working abroad, such as family to support and mortgage payments. As…
With all that has been going on over the past few weeks with lockdowns, figures on the infected and who should be self-isolating, you would be forgiven for not following the currency markets over this period as you usually would. The global economy will suffer massively because of the coronavirus…
As more and more businesses expand internationally and technology is making the world a smaller place, working for businesses in foreign countries is becoming much more common. There are of course risks associated with expanding your work to overseas customers, not only are there currency/exchange rate elements that need to…
We hear a lot of talk about FX risk and protecting profits against fluctuations in exchange rates, but understanding when your bottom line may be at risk is equally as important. By not recognising the risks early enough and acting while in a position of strength, you will continue to…
Many of us dream of owning a holiday home. This may be a beach apartment, city-centre flat or a house in the countryside. But what happens when you want to buy overseas property as an investment. Sure, the concept is still very much the same, but there are different things…
Today’s the day that the UK leaves the EU. With so much being made of what may happen to the UK economy in the short-term and long-term, what can we expect for the Pound following on from this week? The GBPEUR rate was particularly volatile in 2019 as political announcements…
The retail industry is more competitive than ever with more and more businesses trying to undercut one another and consumers demanding more in terms of service and how they shop. Many retailers are therefore reducing their profit margins to remain competitive. However, this combined with weak global economies and fluctuations…
Businesses involved in the manufacturing of goods in one country to be sold in another are highly exposed to the risks associated with fluctuations in the exchange rate. This could be detrimental to the day to day running of your business, cause problems with cash flow and ultimately leave your…
Many businesses are exposed to international markets in some way, this may be through buying raw materials abroad, selling their products in different countries or through foreign investment. For all of these businesses foreign exchange rates and profit go hand in hand leaving them extremely vulnerable to movements in the…
If one or more employees in your business had just one extra working day every month, how much more could they get done and more importantly what could it do for your business? Having a mass international payments solution for your business can help you gain back the time your…