How Can an Organization Lower Its Foreign Exchange (FX) Costs By 50% Permanently?
- Andrew Woelflein
- 4 days ago
- 1 min read
FX costs are embedded in the quoted rate of exchange and they can vary widely by client. So two organizations, both buying the same 100K of Euro, can have enormous cost differences.
Most financial officers (the job titles vary) responsible for FX in small to mid size American businesses are often ignorant of this variable FX cost because:
They don't deal often enough with FX to really dig into the pricing structure to understand it.
And, since FX is only a small area of their responsibility compared to USD, their main focus is just to get the FX processed as quickly as possible. Their FX is typically done with their default bank USD provider.
Sooooo - Some Q & A
Q: Given this lack of FX knowledge and focus is there any way a busy small or mid sized US business can lower their FX costs by 50% permanently without a lot of effort?
A: Yes there is and it is incredibly SIMPLE and EFFECTIVE. DM me if you'd like to learn more about how your organization can painlessly unlock permanent FX savings now.