Edward Hardy has been working at World First since 2014, focusing on the payment and foreign exchange issues that SMEs face around the globe and how World First can help. Recently, Edward has been focusing on what effect SME’s exposure to foreign exchange rate risk and currency volatility has on their bottom line, and how these adverse outcomes can be minimized.
How to navigate the choppy waters of currency markets
Following the EU Referendum, GBP fell at the sharpest rate in recorded history. This will have made an immediate impact on those trading overseas, regardless of whether you’re importing or exporting. Unfortunately for many, currency volatility is likely here to stay, but there are tools and tricks you can use to combat the risks of navigating this often overlooked variable on your business.