Foreign exchange (Forex) stories - Page 4

Ebury launches a mobile app enabling SMEs to manage international payments and FX on the go, offering real-time rates for over 130 currencies.

Qantas and Airwallex have launched Airwallex Yield for over 625,000 SMEs, enabling returns on idle AUD and USD funds via low-risk money market investments.

Ripple has acquired GTreasury for USD $1 billion, enhancing its corporate treasury services and expanding digital asset use in global payments.

Global financial authorities are likely to miss their 2027 target to improve cross-border payments, with costs and regulatory hurdles still impeding progress.

A report finds claims of rapid US 'de-dollarisation' exaggerated, warning Australia faces risks due to heavy reliance on the US dollar amid biased global media.

MetaComp has completed the first cross-border payment using its CNT Carbon Stablecoin, enabling same-day EUR to CNH settlement with embedded carbon credits.

The Export Council of Australia and WorldFirst partner to help SMEs tackle AUD volatility and ease global trade with better currency management tools.

MetaComp has launched Ripple's USD stablecoin RLUSD on its StableX platform, offering APAC institutions faster, compliant cross-border payments.

New research reveals 78% of Aussie travellers face hidden bank card fees abroad, with charges costing some up to AUD $4,000 annually on holidays.

Revolut has launched travel insurance for Premium and Metal users in Australia and New Zealand, partnering with Chubb to enhance travel benefits locally and abroad.

Revolut reported record 2024 results with AUD $4.4m net profit in Australia and USD $1.0bn globally, driven by surging customers and revenues.

Ripple has announced the acquisition of Hidden Road for USD $1.25 billion, making it the first crypto firm to manage a global multi-asset prime broker.

Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.

Kyriba's Q4 2023 report highlights a $95bn total currency impact on revenues of 1700 public North American and European companies.

Fintech firms Paysend and Currencycloud expand partnership, aiming to extend Paysend's global services and boost its foreign exchange capabilities, potentially benefiting customers worldwide.

Kyriba's latest CIR unveils a $30bn FX impact on 1,200 multinational firms in Q3 2023, highlighting FX's influence on revenues and cash flows.

Amid a shift towards integrated financial solutions, the Asia-Pacific region's business payment landscape is set for major changes.

Join us as we uncover how CFOs in APAC can implement successful forex risk management strategies to gain stability in an uncertain environment.

New technology is democratising access to FX expertise, providing a more detailed view of the global marketplace.

Rugby Australia will be able to gain access to and utilise Corpay's solutions to help mitigate its foreign exchange exposure.