Foreign Exchange - Necessary Evil or Increased Profit Opportunity?
by Andrew Parsons
Published May 30th, 2007
In days gone by, if you were a large company you may have employed your own Financial Director to watch the markets, or maybe someone from your bank was assigned to your account to specifically deal with your overseas transactions. Small and medium companies were left to fend for themselves. When a payment had to be made to an overseas supplier, the bank was instructed to send the payment and deduct the currency equivalent from their account. This led to high charges and poor rates of exchange; but the market has changed. Independent traders offer not only competitive rates but... Read more
