How Chinese New Year can Impact your Business

Chinese new year business impact

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

Will The Euro Be Hit With A Double Whammy

Will the Euro experience a double whammy from federal Interest Rate Rises and Multi-nationals buying all their currency in January?

The Euro over the next month to six weeks could have a double whammy consecutively. Today the entire Forex market is expecting and aligned for a 0.25% interest rate rise from the Federal Reserve, which will take interest rates in the US to 0.375%. While the Euro has broken the $1.10 mark this week. Ultimately this is due to the ECB surprising the markets two weeks ago and the Forex market being unprepared to make any drastic movements before today’s meeting.

Read More

Currency Volatility Destroys Companies Profits

Images showing the forex market experiencing currency volatility

Due to globalisation, companies whether doing business internationally or nationally are effected by currency volatility which can impact profitability.

For instance, how about losing 298 million pounds in nine months due to emerging market currency volatility. Or Swiss companies facing increasing pressure once the Swiss Central Bank allowed the Swiss Franc to float on the open market.

Read More

10 GREAT REASONS WHY TRANSFERMATE IS THE NO.1 INTERNATIONAL MONEY TRANSFER SERVICE FOR THOUSANDS OF COMPANIES IN AMERICA

World map where Transfermate is #1

In America TransferMate is used by thousands of companies. Typically banks charge upwards of $70 per transaction, including an additional fee if you request a same day payment including poor exchange rate. TransferMate offer a first class service which our key benefits include: Faster payments American banks usually take longer than three days and clients have told us situations where it took nine days for a bank to make an international payment to a vendor. TransferMate use a global network of bank accounts allowing us to transfer money across the…

Read More