What should I do in times of extreme currency volatility like when COVID-19 hit financial markets?
Events like COVID-19 can impact currencies because they bring uncertainty to global economies. Don’t wait until currency rate fluctuations hurt your bottom line before you make a plan. Managing currency risk is a specialised area. If you don’t have the desire or skills within your business to formulate a strategy, it’s wise to seek outside help. OFXperts can help you to identify opportunities in the market, develop a strategy to stay ahead of currency volatility—and, if time allows, wait for better rates before you choose to lock in a transfer.