PYMNTS

AUGUST 29, 2018

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

Currencies 46

Currencies Foreign Exchange Profit and Loss Banking 46

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. corporates have raised concerns over the negative impact that foreign exchange volatility might have on profits, particularly as ongoing global trade disputes impact the FX markets.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

PYMNTS

SEPTEMBER 1, 2020

Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit. The goal is to help get payments out to those who need financial aid due to the pandemic's economic effects.

Foreign Exchange 82

Foreign Exchange Construction Currencies Startups 82

PYMNTS

APRIL 30, 2018

Hopes for the Bank of England to raise interest rates have been dashed after new data showed weaker economic growth for the country, reports said. This pushes the hike back to August at the earliest, and more likely November,” predicted OFX currencies analyst Jake Trask. Sterling will be subdued for a while below the $1.40

Economics 40

Economics Foreign Exchange Currencies Banking 40

PYMNTS

DECEMBER 4, 2020

Businesses should also be able to save money on currency conversions, as the product will be able to accept payments in 14 currencies. Funds can be kept in the original currency or converted at the interbank rate to help save on foreign exchange costs, the company said.

Foreign Exchange 73

Foreign Exchange Currencies Banking Economics 73

PYMNTS

AUGUST 6, 2018

‘s Manchester United is teaming up with mobile betting and gaming brand MoPlay , and Iran is relaxing currency rules. In other news, Iran is easing foreign exchange rules that were meant to be in response to U.S. It would also set aside subsidized hard currencies for trade of pharmaceuticals, as well as commodities.

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers. API’s have shown the use banks and corporates can make out of them.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. Costs of goods or services used to produce — well, goods and services — are invoiced in foreign currencies.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing Forecasting 76

PYMNTS

SEPTEMBER 18, 2018

Pick a favorite cliché — it’s OK — and feel free to apply it to this current phase of global economic volatility. Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. China, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

OCTOBER 22, 2020

The pandemic’s ongoing economic impact has naturally raised the stakes for effective and efficient cross-border payments, according to Shreya Fatehpuria , inter-company and foreign exchange (FX) payments leader at GE. We've suffered losses with the company.

Healthcare 98

Healthcare Foreign Exchange Treasury Economics 98

PYMNTS

JUNE 10, 2020

Recent world events have had a huge economic impact so traditional business, models must be replaced. As a result, Western Union can easily work with its network of 200 nations as well as 130 currencies under its operations. BankFX will be linked to the cloud.

Foreign Exchange 52

Foreign Exchange Risk Management Currencies Economics 52

PYMNTS

SEPTEMBER 17, 2018

percent for foreign exchange transactions. percent for foreign currency ones. It is an 18 basis point increase on the foreign exchange limits, noted Reuters. The country’s finance minister Berat Albayrak is expected to offer a medium-term economic plan this week, reported CNBC.

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

PYMNTS

AUGUST 2, 2018

corporations are warning that profits and revenues will take a hit as a result of foreign exchange volatility, according to reports in The Wall Street Journal on Wednesday (Aug. ” Already the currency volatility has resulted in surprising misses for large firms. . percent,” reports said.

Foreign Exchange 40

Foreign Exchange Currencies Treasury CFO 40

PYMNTS

JULY 29, 2019

and Europe, the Swiss central bank has taken steps to weaken the Swiss franc and put rising pressure on the currency, according to a report by The Wall Street Journal. billion and are watched with keen interest because they are a sign of intervention by foreign exchange. . In the face of impending rate cuts in the U.S.

Foreign Exchange 46

Foreign Exchange Benchmarking Currencies Banking 46

PYMNTS

JULY 31, 2018

Allegations that American Express secretly hiked foreign exchange rates for small business customers is thrusting the challenges and points of friction that entrepreneurs face with cross-border payments back into the spotlight. A 2016 report from cross-border payments company Covercy found that small businesses in the U.K.

Foreign Exchange 40

Foreign Exchange Currencies Sales Economics 40

Future CFO

JANUARY 21, 2020

The absence of tangible plans to address either the political or economic and social concerns of the Hong Kong population that have come to the fore in the past nine months may reflect weaker inherent institutional capacity than Moody's had previously assessed,” said Moody’s. Fiscal reserves of HKD1.2 Fiscal reserves of HKD1.2

Foreign Exchange 40

Foreign Exchange Economics Currencies Planning 40

PYMNTS

DECEMBER 6, 2018

Nawaz Ali, senior currency strategist at Western Union , told PYMNTS in a written exchange that “SMBs could be exposed to significant sterling fluctuation. There’s at least some anticipation that foreign exchange (FX) remains a wild card that needs attention. and GBP/EUR could rise [toward] €1.15 [$1.30 USD] or higher.”.

Currencies 53

Currencies Foreign Exchange Risk Management Retail 53

PYMNTS

NOVEMBER 28, 2018

In anticipation, banks have reportedly extended credit to corporate clients early and have begun to sell insurance to mitigate the risk of foreign exchange (FX) volatility. Those risks include an over-reliance on supply chains across borders or on those that are particularly vulnerable to economic volatility.

Banking 49

Banking Foreign Exchange Finance Currencies 49

VCFO

DECEMBER 10, 2021

Inflation is the deterioration of purchasing power of a given unit of exchange (i.e., a currency) over time. The rise in the general level of prices relative to the asset of exchange (in our case, the U.S. The rise in the general level of prices relative to the asset of exchange (in our case, the U.S. Keynesian Theory.

Currencies 55

Currencies Profit and Loss Foreign Exchange Math 55

PYMNTS

SEPTEMBER 26, 2016

Those potentials and threats, however, expand beyond foreign exchange challenges. SMEs are on board with the tactic to boost national economic health overall. A 29% decline in foreign currency purchase value by U.K. Exposure to globalization can fuel business expansion or threaten it, depending on strategy.

Foreign Exchange 59

Foreign Exchange Currencies Transportation B2B 59

CFO News Room

FEBRUARY 4, 2022

The bloc has a long history of divergent economic growth between the prosperous north, in countries such as Germany and the Netherlands, and the heavily indebted south, led by Italy, Greece and Spain. As the ECB starts to normalize, that means more risk in southern European economies,” said. They are more dependent on ECB support, he said.

Benchmarking 130

Benchmarking Treasury Economics Banking 130

PYMNTS

JUNE 27, 2016

Some small business owners interviewed by The Wall Street Journal said they are unfazed by what they expect to be short-term currency volatility and agree that the Brexit, long-term, will prove to be a positive development. A 500 percent increase in currency transfers by U.K. percent plunge of the sterling against the U.S.

Foreign Exchange 40

Foreign Exchange Currencies Startups Valuation 40

PYMNTS

OCTOBER 21, 2019

Buyers and suppliers are seeking better economics for (and control over) their interactions with one another, looking to mitigate the shocks of currency fluctuations. On the other side of that transaction, the Hong Kong-based business must convert the USD to Hong Kong currency. The Last Mile. Consider the traditional process.

Finance 41

Finance Foreign Exchange Treasury Currencies 41

PYMNTS

JANUARY 11, 2018

That means a slowdown in trade finance operations – and economic struggles aren’t the only factor behind this trend. “While there is a common perception that a weaker pound benefits exporters, our findings challenge this binary narrative,” said BFS managing director for foreign exchange, Michael McGowan.

Finance 50

Finance Foreign Exchange Concentration Currencies 50

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

AUGUST 18, 2016

Earlier this week, for instance, Hitachi Capital Invoice Finance pointed to threats within global supply chains stemming from the economic uncertainty over Brexit. Foreign exchange payments and hedging company Global Reach Partners (GRP) might be one of them. But for some financial service providers, Brexit means opportunity.

Foreign Exchange 40

Foreign Exchange Banking Invoicing Finance 40

PYMNTS

AUGUST 1, 2018

As corporate treasurers grapple with the ever-increasing demands of their role in the enterprise, many of their new responsibilities involve complex management of finances, particularly when it comes to foreign exchange (FX) risk exposures — especially in today’s volatile times.

Foreign Exchange 40

Foreign Exchange Treasury Currencies Education 40

PYMNTS

FEBRUARY 23, 2017

As the millennial generation comes of age and continues to become the largest economic contributor in the United States, I suspect we’ll see many more individuals pursuing professional independence. There’s also not always a consistent currency. They want to get paid in a certain currency, and they want it to be fast.

Foreign Exchange 46

Foreign Exchange Currencies Economics Marketing 46

PYMNTS

APRIL 5, 2016

These profits are coming from the 3–5 percent foreign exchange fees that banks can charge for conducting a cross-border transfer, often through the costs that get tacked on as a payment moves between corresponding banks. Once the numbers are tallied, India’s economic growth rate is slated to hit 7.3 To India, And Beyond .

Banking 73

Banking Foreign Exchange Currencies Forecasting 73

PYMNTS

JUNE 30, 2016

Globalization has enterprises of all sizes keeping a closer eye on their exposure to risks related to foreign exchange volatility, political changes and the like. ” Currency fluctuations and planning for these various market shocks have led businesses to refinance their debts, even borrowing in a foreign currency. .”

Budgeting 40

Budgeting Treasury Forecasting Prioritization 40

PYMNTS

JULY 20, 2016

As Massaro explained in this week’s edition of The Matchmaker Is In with Karen Webster and economist and author of “ Matchmakers: The New Economics of Multisided Platforms ,” David Evans , both senders and receivers need a helping hand when these high dollar, low frequency transactions cross international lines. .”

Foreign Exchange 40

Foreign Exchange Education Currencies Leverage 40

PYMNTS

JUNE 15, 2020

The partnership, by making use of Goldman’s technology and security capabilities with GTreasury’s platform, will allow businesses to pay vendors in their local currencies and at lower costs than they used to be able to, the release states, and it will allow real-time tracking that reduces the need for payment-related supplier inquiries.

Foreign Exchange 99

Foreign Exchange Treasury Currencies B2B 99

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

MARCH 31, 2020

Cash flow is king for independent farmers operating with thin margins and wide exposure to a variety of risks, from economic downturns to inclement weather. Those coins are transferred to a farmer’s account, and that farmer can then transfer the GrainPay to fiat currency and deposit it into their bank account on the same day.

B2B 75

B2B Foreign Exchange Finance Prioritization 75

PYMNTS

APRIL 11, 2017

are issued a warning about foreign exchange rates. s economic departure, potentially “devastating economic and political effects” tied to a “hard exit.” The unraveling of the EU and the monetary union could have devastating economic and political effects. Here’s a look at some of the latest Brexit-related news….

Foreign Exchange 43

Foreign Exchange Economics Treasury Education 43

CFO News Room

FEBRUARY 5, 2022

What Is a Currency War? A currency war is an escalation of currency devaluation policies among two or more nations, each of which is trying to stimulate its own economy. Currency prices fluctuate constantly in the foreign exchange market. Understanding Currency Wars. Are We in a Currency War Now?

Currencies 130

Currencies Foreign Exchange Economics Treasury 130

CFO News Room

JANUARY 25, 2023

Equity and fixed-income markets plunged, commodity prices skyrocketed, and between the dollar’s rise and other currencies tanking, foreign exchange markets experienced generationally high levels of coincident volatility. His research focuses on financial markets, monetary policy, and problems in economic measurement.

Economics 130

Economics Foreign Exchange Finance Treasury 130