Many importers, whether they call themselves importers or not, have to pay a deposit on certain goods before they can secure production. The remaining balance is then due before shipment. Consider, if the rate of exchange changes minute by minute, how do you make sure that the deposit you pay is exchanged at the same rate of exchange as the subsequent balance amount you send when, as far as paying the amounts is concerned, they are sent as two separate payments? The answer is

This is just a quick word about what we do when confronted with a prospective client who thinks they are well equipped when it comes to their currency activities. The prospect in question is a wholesale manufacturer of garments and accessories and they supply some of the UK's best know high street fashion brands. With a 'woman on the inside' we knew before we approached that this business was relentlessly contacted by currency companies. They have factories in both China and

We recently saw a social media post from a business in which they reference 'currency surcharges'. We don't mind referencing the business by name because this post is not a critical one...but, we are going to use this phrase ('currency surcharges' - one with which we are not actually familiar) to frame the answering of questions about how to protect margin, manage supply chain payments and ensure your customer doesn't pay more because of currency fluctuations. If nothing else

As far a currencies, payments, people and companies are concerned, each may be affected in the same and different ways simultaneously. The UK's withdrawal from 'Europe', the single market and the close alliance with our continental neighbours may very well change our entire outlook on trading and payments, not because the public voted for that, but as an inevitable reaction to the change in our relationship with Europe. Most blogs written since June 2016 have concluded that