Effective control of foreign transaction fee budgets means FX scenario modelling. Danny Ross, Managing Director, Argentex, a global payment and currency risk management specialist, tells TMI why.
Every business setting cost pricing or managing its budget with foreign transaction fees should at least consider implementing FX scenario modelling into its financial strategy. But according to Argentex’s online survey of 500 CFOs, treasurers, and financial controllers of organisations based in the UK, France, Spain, Canada and Australia, 47% have so far avoided doing so. For Ross, their inactivity is a missed opportunity to gain tighter control over what can be a material risk.
Argentex Group plc (LON:AGFX) is a leading provider of bespoke currency risk management and payments solutions for businesses and financial institutions