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Thinking of building your own mass payout platform? Read this first: linkedin.com/pulse/13-steps-… #payments #freelance #ZED

A series of reports by ACCA and Kantox found that over 80% of SMEs trading internationally had experienced losses or gains due to currency fluctuations, one-third of them over $1 million. netsuite.com/portal/business… #forex #forextrading #Currency #payments

After Brexit, the British pound was ranked the eighth most volatile across major emerging and advanced economies, putting it alongside currencies from Eastern Europe and Latin America. netsuite.com/portal/business… #Brexit #forex #forextrading #Currency #payments

“We’ve never had as many CEOs and CFOs talk about currency.” - Wolfgang Koester, chief executive of FiREapps. netsuite.com/portal/business… #forex #forextrading #Currency #payments #fireapps

FX risk, also known as currency risk or exchange rate risk, refers to the losses that can be incurred on international financial transactions due to fluctuating foreign currency rates. netsuite.com/portal/business… #forex #forextrading #Currency #payments

Economic risk, “forecast risk” or “operating exposure,” is a form of long-term risk that occurs when a company’s market value and/or future cash flows are negatively impacted by exposure to currency fluctuations. netsuite.com/portal/business… #forex #forextrading #Currency #payments

Translation risk occurs if a parent company reports a consolidated financial statement for its subsidiaries as opposed to keeping them independent netsuite.com/portal/business…

A common misconception held by companies, according to IndustryWeek, is that they do not face risk because they buy and sell only in contracts denominated in U.S. dollars. In reality, a price might actually be calculated by the supplier using the value of a different currency.

Collectively, 1,200 European and North American companies surveyed in a 2018 FiREapps Currency Impact Report quantified $15.61 billion in negative currency impacts in Q3 2018. netsuite.com/portal/business… #forex #forextrading #Currency #payments

Even as global trade was ravaged by the COVID‑19 pandemic, Canadian exporters continued to benefit from utilizing the multiple Free Trade Agreements (FTAs) that are currently in force. tradecommissioner.gc.ca/cana… #freetrade #FTA #Canada #exports #exporters

FX risk isn’t just for big multinationals. Any company with international suppliers or customers is subject to fluctuations. netsuite.com/portal/business… #forex #forextrading #Currency #payments