Three ways SMEs can save money on foreign exchange
Three ways SMEs can save money on foreign exchange The foreign exchange (FX) market is one of the largest in the world, worth billions of pounds. And for those navigating the market wisely, there are significant savings available. However, businesses which enter the market blindly risk landing themselves with eye-watering fees, even when conducting the smallest of transactions. Understanding the risks For any business, there are three main risks associated with foreign exchange: Translation risk Transaction risk Economic risk However, these considerations represent a more significant impact...
Source: realbusiness.co.uk