Jeff Boyko discusses Global Outlook for Currencies April 24 Toronto
See Jeff Boyko with DynexCorp in October edition of
Corporations with multiple branches and offices face additional challenges when it comes to foreign currency exchange and risk management. Castle Currency is uniquely positioned to assist in both the coordination and risk management of your currency needs.
When your company has multiple locations each responsible for conducting their own foreign exchange transactions complexities and inefficiencies can unnecessarily erode profit margins.
Castle Currency can pool your foreign exchange dealings into a centralized fully managed operation. This would reduce the dollar volume of transactions by matching offsetting transactions and moving money internally between the separate offices instead of conducting two exchanges and paying commissions. This could also benefit costs by reducing the amount of smaller transactions each office may undertake.
Bottom line is improved management of money plus a better monitoring of the company’s entire currency exposure at any give time.
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