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US Dollar Dominance: A blessing and a curse (Part I)

Many pundits and prognosticators are predicting the impending collapse of the US dollar as the world’s reserve currency. While the reality is that that collapse may not be imminent, USD dominance is both a blessing and a curse for US-based businesses.

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By Cross-Border
Dec 22, 2023
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Foreign exchange hedging for businesses: Your questions answered
Risk managementCross-Border

Foreign exchange hedging for businesses: Your questions answered

Hedging is used by businesses to manage their currency exposure. If a business needs to buy or sell one currency for another, they are exposed to fluctuations in the foreign exchange market that could affect their costs and ultimately their profit.

Currency Conversion and Global Trade’s Hidden Costs
Cross-BorderGlobal payments

Currency Conversion and Global Trade’s Hidden Costs

Australian companies and overseas organisations complete billions of dollars worth of international payments through the global banking system every year.

Moving abroad? Buying property in Spain
Cross-BorderGlobal payments

Moving abroad? Buying property in Spain

Who hasn’t dreamt of sunny climes when slogging through a slushy northern European winter? The recent pandemic has given many of us wanderlust. For some, the possibility of remote work-from-anywhere in our hyperconnected world glitters before our eyes.

Blue Bungalow
Cross-BorderGlobal payments

Blue Bungalow

Blue Fashion is a women’s clothing line based in Australia. Two years ago, the company expanded offshore. Revenues reached AU$ 10 million annually, with 70% of sales denominated in USD and the balance in AUD.

Smarter payments. Stronger growth. Keep business moving.

See how corpay brings AP, card programs, lodging, fleet and cross-borders together