Nine foreign exchange mistakes your business should avoid.
All businesses, large and small, with any exposure to international currencies can find it challenging to manage foreign exchange risk. While it may be tough to manage foreign exchange and plan ahead, the costs of failing to do so are potentially very high – all the more given the uncertain times in which we currently live in.
In this Guide we identify the common mistakes made by businesses as they manage their foreign exchange and how they can look to overcome them, including:
With tips to help you avoid them
Whether you’re a small importer/exporter buying or selling goods and services from abroad, a larger business repatriating income from overseas operations, or a global entity undertaking thousands of transactions a month, when making international payments there are a range of mistakes that businesses make which may result in unnecessary costs, delays and additional work.
In this guide, we highlight the most common mistakes in relation to international payments that we’ve seen at HiFX, including:
Foreign Exchange Risk Management Guide
Private Equity (PE) firms throughout the UK and Europe, that have dealings in currencies other than their base currency, face unpredictable Foreign Exchange (FX) exposures. And these cannot be ignored, as sterling’s volatility in the aftermath of the Brexit vote – when it fell by 12% against the US Dollar in a single day* – dramatically illustrated.
In the aftermath of the Brexit vote, CFOs within PE firms are facing more complex FX hedging decisions.
This Guide examines the ways that PE firms can protect both their balance sheets and their profit and loss accounts from negative exchange rate volatility:
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