The value of the pound, and other currencies, may fluctuate in response to economic and/or political uncertainty, such as a General Election. In recent years, the effects of volatility have been compounded by the major issues of Brexit, the pandemic and the US election. The more unpredictable the world becomes, the more unpredictable the currency market is and this volatility can lead to higher FX costs, even if the market moves suddenly in your favour.
Understand FX fluctuations with our easy guide and discover how volatility can impact your money, as well as:
• The recent performances of the pound, euro and US dollar
• How FX fluctuations impact revenue and profit margins
• Specialist currency tools to help businesses mitigate the risk of a volatile market
• How you can save time and money on your international payments
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Movements in the currency market can have a significant impact on your bottom line. In a rapidly changing world, it can be difficult to keep up to date with market movements. That is why we work with our clients to help them manage the risk of international costs and currency fluctuations. Sign up for a free corporate account.