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.
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.…Continue reading