Guest Article: Planning ahead is the key to success when entering a new market

This week, we are delighted to have another guest post from
Edward Hardy, Corporate Market Analyst of foreign exchange specialists World First.

Scaling up and crossing borders is no easy journey for any business, no matter its size or ambition. The process of navigating different regulatory landscapes should not be underestimated and can be costly if it is not done properly.

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Guest Article: What if your costs increased by over 10%?

This week, we are delighted to have a guest post from
Edward Hardy, Corporate Market Analyst of foreign exchange specialists World First.

A UK-based company who imports from Europe by paying suppliers in euros has seen the rate fall sharply over the past twelve months, falling from a high of 1.44 to below 1.18 – a fall of over 18%.

Even if we assume the company had established a budget rate for the year at 1.35 and they’re now buying at the spot rate, they’re paying over 12% more for their euros than their budgets had suggested on January 1st.

What can you do?
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