We aim to provide interesting blog posts to help you understand how to manage your foreign exchange exposure as best you can. We will use examples to outline poor practices or where companies lost millions due to mismanagement.
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Currently the Euro has strengthened which is affecting Irish Exporter margins, find out what you can do. Today’s modern economy places the exporter/importer at the forefront of an economy. Within Ireland, 51% of all economic activity in 2014 was purely exporter related.read more
Money is valuable merely because everyone knows everyone else will accept it as a form of payment. Over its vast history money has been central to developing our modern international trade networks – so let’s take a look at where it has been and how it has evolved.read more
With the Australian Dollar falling to a seven-year-low last week, what long term policies should the Australian Government put in place to deal with its weakening currency? Well, one man, Thomas Probst, has the answer. Change the name of the currency!read more
The Chinese New Year is less than a month away and the festivities are certain to have an impact on business. In the Chinese Zodiac calendar, 2016 marks the year of the Monkey. The monkey is said to bring Good Luck, Protection and Swiftness. However, if the products of your business are made, shipped from or sold in China then one thing that will definitely not enjoy this ‘swiftness’ is your Supply Chain. The Chinese New Year is one of the few mandatory holidays that all citizens of the country observe.read more
The Foreign Exchange market is the most liquid market in the world, due to the sheer size of participants and the number of currencies that can be traded.
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Cloud accounting opens up a world of opportunity because for example Xero can currently integrate with over 200 additional services as an application. When you integrate these apps with your Xero accounting package they minimise the amount of time tasks used to take and simplify the job of an accountant.read more