There are more options to transfer money internationally than letters in the brand name OFX.
Explore your advantages like rapid transfers, risk management and FX options below. Continue Reading
For many businesses today, it’s not always enough to be established domestically, it’s proven hugely beneficial to expand overseas.
The benefits include:
- Increasing your customer base
- Avoiding local competition
- Keeping control of pricing
- Building a global brand
- Creating greater market share
Even more, with e-commerce booming at the moment, more people are expanding their small businesses into international markets through online selling platforms like Amazon and eBay. Continue Reading
There is no crystal ball that can accurately tell you the future of where a currency will trade in the short, medium or long-term.
When looking to partner with an FX provider, your first priority should be to evaluate the payments your business has made previously in order to get a better idea of the FX products and services that will best fit your business’ needs. And, when selecting a provider, make sure they understand your industry and the jurisdictions you are making payments to. Continue Reading
Whether you’re a forex pro or a total newbie, it can be hard to tell the fact from the fiction when it comes to making an international money transfer.
The list below outlines some of the biggest myths in the world of forex, so you can steer clear of the hype and make an informed decision about your transfer.
Myth #1: Forex is a short term strategy
Foreign exchange rates are an important way of measuring a country’s economic health, and a great way to assess the suitability of an economy for business expansion. This is why the exchange rate markets are so closely watched.
But what influences movements in exchange rates? And more, what makes them ‘volatile’? That word gets thrown around a lot in the foreign exchange space, but what does it mean? Continue Reading
Foreign exchange exposure refers to the risk a company undertakes when making financial transactions in foreign currencies.
All currencies can experience periods of high volatility which can adversely affect profit margins if suitable strategies are not in place to protect cash flow from sudden currency fluctuations. Exchange rate risk can usually be managed through effective, preemptive hedging. Continue Reading
When it comes to running an import or export business, or making payments to overseas suppliers, having an international money transfer service provider like XE in your “corner” makes for a great tag team.
XE helps you stay focused on your core business objectives, like:
- Building your merchandise, raw material or component inventories
- Managing supplier, employee, and customer relations
- Processing orders and creating efficiencies in your supply chain