How Do Exchange Rates Affect Local Businesses?

If you’re planning a holiday overseas, you’ll probably be aware of the impact that changing exchange rates could have on your spending money.

However, for many businesses, exchange rates are something that they have to consider every day. This is the case even for small entities who operate in local communities.

Exchange rates

Here’s a look at the different ways that exchange rates can impact local businesses, even those that don’t trade overseas.

Why Does the Exchange Rate Matter?

It’s very clear that large companies that sell their products worldwide may be affected by the rise and fall of currencies, but they’re not the only ones.…

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How to Protect Your Business from Exchange Rate Volatility

Exchange rates can be incredibly volatile which is problematic for businesses because this could have a serious impact on your bottom line. So, what can you do to protect your business from exchange rate changes?

Foreign exchange rates

Although impossible to predict movements in this market, there are a few steps that you can take to protect your company.


Like many areas of business, planning is crucial to success in this area. Analyse past trends and set a budget each year which accounts for the number and timing of transactions with a realistic assumption of current and future rates – speak to foreign exchange specialists for advice on this.

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