Simply Treasury

JUNE 3, 2021

The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. When payments were in foreign currencies, this may have affected their results because of currency hedging. Delay in FX hedging, accounting treatment.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

JUNE 15, 2020

The partnership, by making use of Goldman’s technology and security capabilities with GTreasury’s platform, will allow businesses to pay vendors in their local currencies and at lower costs than they used to be able to, the release states, and it will allow real-time tracking that reduces the need for payment-related supplier inquiries.

Foreign Exchange 99

Foreign Exchange Treasury Currencies B2B 99

PYMNTS

DECEMBER 26, 2018

Last month, two men were executed for allegedly smuggling foreign currency and illegally altering the gold-coin market. Hundreds of foreign-exchange dealers have also been arrested for black-market currency operations. The country’s currency, the rial, has shed more than half its value since January.

Economics 63

Economics Foreign Exchange Currencies Numbers 63

PYMNTS

JUNE 27, 2018

Exposure to the risks of endless shifts of foreign exchange (FX) rates keeps executives on their toes: Deloitte recently found FX volatility to be the most common concern among surveyed corporate treasurers. However, foreign exchange risk mitigation goes beyond hedging, said Mark Frey, COO at Cambridge Global Payments.

Currencies 53

Currencies Foreign Exchange Risk Management Profit and Loss 53

Global Finance

OCTOBER 10, 2024

Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. Global Finance: What is Mongolia’s economic growth outlook for 2024-2025? GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced.

Restructuring 75

Restructuring Foreign Exchange Banking Transportation 75

Global Finance

SEPTEMBER 3, 2024

Ghana’s decision to exclude international banks from funding cocoa production may have opened opportunities for its domestic financiers and traders to invest in the sector, but analysts fear that the move leaves the country’s currency, the Cedi, vulnerable to weakening.

Foreign Exchange 75

Foreign Exchange Currencies Education Manufacturing 75

Global Finance

JUNE 4, 2024

The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. Since then, Rajapaksa’s successor, President Ranil Wickremesinghe has presided over yet another tentative economic recovery. billion GDP growth (2023): 4.5%

Economics 105

Economics Currencies Restructuring Foreign Exchange 105

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. corporates have raised concerns over the negative impact that foreign exchange volatility might have on profits, particularly as ongoing global trade disputes impact the FX markets.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

PYMNTS

SEPTEMBER 1, 2020

Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit. The goal is to help get payments out to those who need financial aid due to the pandemic's economic effects.

Foreign Exchange 82

Foreign Exchange Construction Currencies Startups 82

CFO News

NOVEMBER 21, 2024

The Reserve Bank of India (RBI) defended its management of the rupee, stating its interventions in the foreign exchange market are necessary to maintain stability amidst global economic uncertainty.

Currencies 40

Currencies Foreign Exchange Economics Banking 40

CFO News Room

JANUARY 25, 2023

Equity and fixed-income markets plunged, commodity prices skyrocketed, and between the dollar’s rise and other currencies tanking, foreign exchange markets experienced generationally high levels of coincident volatility. His research focuses on financial markets, monetary policy, and problems in economic measurement.

Economics 130

Economics Foreign Exchange Finance Banking 130

PYMNTS

AUGUST 29, 2018

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

Currencies 46

Currencies Foreign Exchange Profit and Loss Banking 46

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. in 2022, according to the International Monetary Fund’s July World Economic Outlook 2024. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. For the better part of 30 years, Argentina has been making economic headlines for the wrong reasons. While the cepo [currency controls] is in place, this won’t change.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

Global Finance

OCTOBER 10, 2024

Azerbaijan Taleh Kazimov: B+ Central bank Governor Taleh Kazimov, in office since 2022, had a boost in July when Fitch Ratings upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook. Mansur to be central bank governor.

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

SEPTEMBER 13, 2018

Currency hedging has long been a part of global business and trade — but now it is becoming more important thanks to increasing economic and political volatility. We’re seeing more economic and political volatility than we’ve seen in a long time, along with a lot of trade concerns,” Schamotta said.

Risk Management 40

Risk Management Currencies Foreign Exchange eCommerce 40

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. Costs of goods or services used to produce — well, goods and services — are invoiced in foreign currencies.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing Forecasting 76

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers. API’s have shown the use banks and corporates can make out of them.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

DECEMBER 4, 2020

Businesses should also be able to save money on currency conversions, as the product will be able to accept payments in 14 currencies. Funds can be kept in the original currency or converted at the interbank rate to help save on foreign exchange costs, the company said.

Foreign Exchange 73

Foreign Exchange Currencies Banking Securities 73

PYMNTS

OCTOBER 22, 2020

The pandemic’s ongoing economic impact has naturally raised the stakes for effective and efficient cross-border payments, according to Shreya Fatehpuria , inter-company and foreign exchange (FX) payments leader at GE. We've suffered losses with the company.

Healthcare 98

Healthcare Treasury Foreign Exchange Economics 98

PYMNTS

SEPTEMBER 18, 2018

Pick a favorite cliché — it’s OK — and feel free to apply it to this current phase of global economic volatility. Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. China, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

Global Finance

OCTOBER 10, 2024

Belarus Pavel Kallaur: N/A With Belarus’ economy increasingly integrated into that of Russia, it makes perfect sense for the National Bank of the Republic of Belarus (NBRB) to proceed with plans to introduce a digital Belarusian ruble linked to the Russian currency. to 3%, a bit higher than forecast by CBBH six months ago. in 2024 and 1.5%

Economics 98

Economics Currencies Forecasting Banking 98

PYMNTS

APRIL 30, 2018

Hopes for the Bank of England to raise interest rates have been dashed after new data showed weaker economic growth for the country, reports said. This pushes the hike back to August at the earliest, and more likely November,” predicted OFX currencies analyst Jake Trask. Sterling will be subdued for a while below the $1.40

Economics 40

Economics Foreign Exchange Currencies Banking 40

Global Finance

OCTOBER 7, 2024

The Maldives Monetary Authority is arranging a $400 million foreign currency swap with the Reserve Bank of India to bolster its financial position and ease concerns of an immediate default. Despite a recovery in tourism, the Maldives faces a foreign exchange crisis due to high external borrowings to finance tourism projects.

Foreign Exchange 64

Foreign Exchange Currencies Treasury Finance 64

PYMNTS

SEPTEMBER 26, 2016

Those potentials and threats, however, expand beyond foreign exchange challenges. SMEs are on board with the tactic to boost national economic health overall. A 29% decline in foreign currency purchase value by U.K. Exposure to globalization can fuel business expansion or threaten it, depending on strategy.

Foreign Exchange 59

Foreign Exchange Currencies Transportation B2B 59

PYMNTS

SEPTEMBER 17, 2018

percent for foreign exchange transactions. percent for foreign currency ones. It is an 18 basis point increase on the foreign exchange limits, noted Reuters. The country’s finance minister Berat Albayrak is expected to offer a medium-term economic plan this week, reported CNBC.

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

CFO News

SEPTEMBER 20, 2024

The RBI's foreign-exchange reserves have increased significantly, drawing in foreign investment and reducing the current account deficit. This strategy has made the rupee one of Asia's least volatile currencies, preparing India for external economic shocks.

Foreign Exchange 40

Foreign Exchange Currencies Economics Investments 40

PYMNTS

AUGUST 6, 2018

‘s Manchester United is teaming up with mobile betting and gaming brand MoPlay , and Iran is relaxing currency rules. In other news, Iran is easing foreign exchange rules that were meant to be in response to U.S. It would also set aside subsidized hard currencies for trade of pharmaceuticals, as well as commodities.

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

CFO News Room

FEBRUARY 4, 2022

The bloc has a long history of divergent economic growth between the prosperous north, in countries such as Germany and the Netherlands, and the heavily indebted south, led by Italy, Greece and Spain. As the ECB starts to normalize, that means more risk in southern European economies,” said. They are more dependent on ECB support, he said.

Benchmarking 130

Benchmarking Treasury Economics Banking 130

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

DECEMBER 6, 2018

Nawaz Ali, senior currency strategist at Western Union , told PYMNTS in a written exchange that “SMBs could be exposed to significant sterling fluctuation. There’s at least some anticipation that foreign exchange (FX) remains a wild card that needs attention. and GBP/EUR could rise [toward] €1.15 [$1.30 USD] or higher.”.

Currencies 53

Currencies Foreign Exchange Risk Management Retail 53

PYMNTS

JUNE 10, 2020

Recent world events have had a huge economic impact so traditional business, models must be replaced. As a result, Western Union can easily work with its network of 200 nations as well as 130 currencies under its operations. BankFX will be linked to the cloud.

Foreign Exchange 52

Foreign Exchange Risk Management Currencies Technology 52

PYMNTS

JULY 29, 2019

and Europe, the Swiss central bank has taken steps to weaken the Swiss franc and put rising pressure on the currency, according to a report by The Wall Street Journal. billion and are watched with keen interest because they are a sign of intervention by foreign exchange. . In the face of impending rate cuts in the U.S.

Foreign Exchange 46

Foreign Exchange Benchmarking Currencies Banking 46

PYMNTS

AUGUST 2, 2018

corporations are warning that profits and revenues will take a hit as a result of foreign exchange volatility, according to reports in The Wall Street Journal on Wednesday (Aug. ” Already the currency volatility has resulted in surprising misses for large firms. . percent,” reports said.

Foreign Exchange 40

Foreign Exchange Currencies Treasury CFO 40

Global Finance

JULY 26, 2024

Staying ahead of the cash management game is vital for treasurers facing multiple challenges, such as economic and political uncertainties, and our award winners are best positioned to do just that. Monaco says that in addition to rising rates, high inflation increases the cost of goods and services, eating into liquidity and cash reserves.

Cash Management 93

Cash Management Treasury Compliance Banking 93

PYMNTS

JULY 31, 2018

Allegations that American Express secretly hiked foreign exchange rates for small business customers is thrusting the challenges and points of friction that entrepreneurs face with cross-border payments back into the spotlight. A 2016 report from cross-border payments company Covercy found that small businesses in the U.K.

Foreign Exchange 40

Foreign Exchange Currencies Sales Economics 40