{"id":47187,"date":"2025-05-18T07:00:02","date_gmt":"2025-05-18T07:00:02","guid":{"rendered":"https:\/\/www.worldfirst.com\/uk\/?p=47187"},"modified":"2025-05-19T02:46:31","modified_gmt":"2025-05-19T02:46:31","slug":"how-to-manage-foreign-exchange-risks","status":"publish","type":"post","link":"https:\/\/www.worldfirst.com\/uk\/blogs\/online-risk-management\/how-to-manage-foreign-exchange-risks\/","title":{"rendered":"Foreign exchange risk management: How to make international business more affordable"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"47187\" class=\"elementor elementor-47187\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-625629e1 e-flex e-con-boxed e-con e-parent\" data-id=\"625629e1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7fc04b12 elementor-widget elementor-widget-text-editor\" data-id=\"7fc04b12\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><a href=\"https:\/\/www.worldfirst.com\/uk\/\">Home<\/a>\u00a0 &gt;\u00a0\u00a0 <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/\">Blogs<\/a>\u00a0 &gt;\u00a0 <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/online-risk-management\/\">Online risk management<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1341ea77 e-flex e-con-boxed e-con e-parent\" data-id=\"1341ea77\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77d8751 elementor-widget elementor-widget-heading\" data-id=\"77d8751\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Foreign exchange risk management: How to make international business more affordable<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58d3017b elementor-widget elementor-widget-text-editor\" data-id=\"58d3017b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"text-align: center;\">Last update: 19 May 2025<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-77c0308d elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile e-flex e-con-boxed e-con e-parent\" data-id=\"77c0308d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-607f1ea1 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"607f1ea1\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"476\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/currency-exchange.jpg\" class=\"attachment-large size-large wp-image-47188\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/currency-exchange.jpg 900w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/currency-exchange-300x179.jpg 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/currency-exchange-768x457.jpg 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/currency-exchange-360x214.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2286258e e-flex e-con-boxed e-con e-parent\" data-id=\"2286258e\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-88f92e3 elementor-widget elementor-widget-text-editor\" data-id=\"88f92e3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you\u2019re a business operating across borders, one of the biggest threats to your profitability is volatility in the foreign exchange market. You\u2019re already running on very tight margins, but these can be wiped out entirely simply due to fluctuations in the currency market.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">For instance, if your margins are smaller than 10%, it\u2019s possible that your international store can be profitable one month and unprofitable the next \u2013 simply because of changes in exchange rates. Add transaction fees into the equation and you can easily find yourself operating at a loss.<\/span><\/p><p><span style=\"font-weight: 400;\">As such, it\u2019s vital to have foreign exchange risk management strategies in place to ensure you don\u2019t get stung by ever-changing currency exchange fees.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">In this guide, we share <\/span><b>how you can protect yourself against three of the most common risks associated with the foreign exchange market when you\u2019re selling overseas<\/b><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">We also show you how we can help at <\/span><a href=\"https:\/\/www.worldfirst.com\/\"><span style=\"font-weight: 400;\">WorldFirst<\/span><\/a><span style=\"font-weight: 400;\">. We provide cross-border businesses with solutions for simplified global payments, including the World Account, our multi-currency business account.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">In this guide, we cover:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Three key foreign exchange risks (and how to protect yourself against them)<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">1. It\u2019s hard to protect your margins when pricing products in foreign currency<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">2. It can be costly and inconvenient to accept payments in multiple currencies<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">3. You can be vulnerable to exchange rate changes when paying international suppliers<\/span><\/li><\/ul><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How you can manage foreign exchange risk with WorldFirst<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How Fresh4U relies on WorldFirst to manage its foreign exchange and global payments<\/span><\/li><\/ul><p><i><span style=\"font-weight: 400;\">Want to reduce your exposure to exchange rate risk when making international payments? Hold foreign currency and take advantage of competitive exchange rates with WorldFirst. <\/span><\/i><a href=\"https:\/\/portal.worldfirst.com\/register?region=GB&amp;lang=en-GB\"><i><span style=\"font-weight: 400;\">Open a World Account today<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-450ef871 elementor-widget elementor-widget-heading\" data-id=\"450ef871\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Three key foreign exchange risks (and how to protect yourself against them)<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75fa816 elementor-widget elementor-widget-heading\" data-id=\"75fa816\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. It\u2019s hard to protect your margins when pricing products in foreign currency<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a94286 elementor-widget elementor-widget-text-editor\" data-id=\"4a94286\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you run an online store on multiple international marketplaces like Amazon or even your own direct-to-consumer store, it\u2019s easy to open up your business to international customers. However, when selling across borders, pricing your products becomes more of a challenge:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Firstly, your prices should reflect what international audiences expect to pay in their home country. If your potential customers can buy products domestically more cheaply, they\u2019re not likely to shop with you \u2013 particularly when you factor in shipping.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Secondly, your product pricing should protect you from any changes in foreign exchange rates. For instance, you should have enough margin on your products so that they stay profitable despite daily fluctuations in rates.\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">This is a difficult balance to get right. But there are tools out there that can help. For example, pricing software tools known as repricers use AI to calculate and re-price your goods based on how much your direct competitors charge for the same products. You can use these tools to check price points within select countries to make sure that your prices match the buying power of your customers.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Pricing your products competitively on marketplace platforms helps you boost conversions. If the marketplace algorithm places your products high in search rankings, you can lower your profit margins and make up your losses via an increased number of conversions. However, you can also set your profit margins within these tools to ensure the repricer doesn\u2019t go below your lowest desired price point.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7431bb elementor-widget elementor-widget-heading\" data-id=\"e7431bb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. It can be costly and inconvenient to accept payments in multiple currencies<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32bb28b elementor-widget elementor-widget-text-editor\" data-id=\"32bb28b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">International customers typically feel more comfortable paying for products in their home currencies. So, if you\u2019re selling in different countries, you\u2019ll need a way to receive your sales profits in local money.<\/span><\/p><p><span style=\"font-weight: 400;\">However, if you do this, you may want to send your profits back into your home currency. The trouble here is that, if you do this regularly, you\u2019ll often be subject to international transaction fees \u2013 and there\u2019s the risk of currency values turning against you.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">One of the easiest ways to reduce this risk is to <\/span><i><span style=\"font-weight: 400;\">hold<\/span><\/i><span style=\"font-weight: 400;\"> funds in foreign currencies, alongside your own home currency. You have two options to do this:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Traditionally, you could open a local bank account in every country that you\u2019re selling in<\/b><span style=\"font-weight: 400;\">, so that you can hold funds (and pay suppliers) locally. Some online marketplaces \u2013 such as Amazon US \u2013 even require that you have a local account before you can sell. However, this option typically means that you need a local address too.\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Plus, you\u2019ll need to handle the admin involved in managing your different accounts in all the territories in which you operate \u2013 as well as the maintenance fees for each account. If you\u2019re operating in many countries, the work involved in managing these accounts quickly snowballs.\u00a0\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Alternatively, you could open a multi-currency business account to hold these funds<\/b><span style=\"font-weight: 400;\">. The trouble here is that most multi-currency accounts from high-street banks come with minimum deposit agreements, transfer fees and monthly payments to keep the account open. It means that such accounts may not be the most cost-effective option.\u00a0<\/span><\/li><\/ul><p><b>To avoid these costs, and avoid the hassle of setting up accounts with local banks, it makes sense to use an online payment solution like WorldFirst<\/b><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">With WorldFirst, SMEs can open a multi-currency <\/span><a href=\"https:\/\/www.worldfirst.com\/uk\/product\/\"><span style=\"font-weight: 400;\">World Account<\/span><\/a><span style=\"font-weight: 400;\"> for free. Once approved, you can start collecting foreign payments in less than 24 hours. There\u2019s no minimum deposit amount required, and from one dashboard, you can open receiving accounts in 20+ currencies \u2013 with local account details.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Find out more about the World Account below.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe8093f elementor-widget elementor-widget-heading\" data-id=\"fe8093f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. You can be vulnerable to exchange rate changes when paying international suppliers<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bc6523a elementor-widget elementor-widget-text-editor\" data-id=\"4bc6523a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Paying international suppliers is another crucial area where effective foreign exchange risk management is vital. Just as you can lose profits on the products you sell due to FX changes, for the same reason you can also find yourself paying your suppliers <\/span><i><span style=\"font-weight: 400;\">more<\/span><\/i><span style=\"font-weight: 400;\"> for the same products.<\/span><\/p><p><span style=\"font-weight: 400;\">For instance, imagine a UK brand that imports from France. Maybe the brand used to pay in EUR when the exchange rate was relatively stable. However, when GBP loses value, they end up with much higher costs.<\/span><\/p><p><span style=\"font-weight: 400;\">There are two ways that you can reduce the risk of being negatively affected by this FX volatility:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Simply hold your funds in the currency with which you pay suppliers.<\/b><span style=\"font-weight: 400;\"> For instance, if you sell in Europe and use European suppliers, it makes sense to hold funds in EUR \u2013 rather than converting your sales profits back into your home currency. This way, you don\u2019t need to exchange money at all, meaning you won\u2019t be affected by FX fluctuations.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">The easiest and most affordable way to hold over 20 foreign currencies is to open a World Account. You can find out more about how it works below.\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Alternatively, you can sign a forward exchange contract (FEC) with the supplier to fix the exchange rate at which you pay them.<\/b><span style=\"font-weight: 400;\"> In this instance, the UK brand and the French manufacturer could agree to lock in an exchange rate of \u00a30.95 for \u20ac1. This way, the importer keeps a predictable rate.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">FECs are useful if you have an established business relationship, but they also come with drawbacks. For example, as an online seller, with a fixed FEC, you\u2019re locked into paying the balance at an agreed rate for the contracted period, so you cannot switch to a cheaper supplier. Additionally, if the exchange moves significantly against you, you may need to pay back funds in a process known as a <\/span><a href=\"https:\/\/www.worldfirst.com\/uk\/help-support\/margin-call-explained-business\/\"><span style=\"font-weight: 400;\">margin call<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3eb2823 elementor-widget elementor-widget-heading\" data-id=\"3eb2823\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How you can manage foreign exchange risks with WorldFirst<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2eb9b5d1 elementor-widget elementor-widget-text-editor\" data-id=\"2eb9b5d1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In this guide, we\u2019ve shared some strategies and tools to manage the most common FX risks faced by companies involved in international trade. But if you\u2019re committed to saving money on your cross-border business payments, a <\/span><a href=\"https:\/\/www.worldfirst.com\/uk\/product\/\"><span style=\"font-weight: 400;\">World Account<\/span><\/a><span style=\"font-weight: 400;\"> can help.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">At WorldFirst, we support ambitious <\/span><a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/business-tips\/e-commerce-payments\/\"><span style=\"font-weight: 400;\">e-commerce companies<\/span><\/a><span style=\"font-weight: 400;\"> to scale globally. With a World Account, it\u2019s easy to hold foreign currencies, pay suppliers more affordably in over 200 currencies and lock in exchange rates so you can make the cost of your global payments more predictable.<\/span><\/p><p><span style=\"font-weight: 400;\">Here are three reasons why you should open a World Account today. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-aad9524 e-flex e-con-boxed e-con e-parent\" data-id=\"aad9524\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-13f37bb9 elementor-widget elementor-widget-template\" data-id=\"13f37bb9\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"45097\" class=\"elementor elementor-45097\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c252ce e-con-full e-flex e-con e-parent\" data-id=\"c252ce\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-3d0dfaa8 e-flex e-con-boxed e-con e-child\" data-id=\"3d0dfaa8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c260cf4 elementor-widget elementor-widget-heading\" data-id=\"c260cf4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Open a World Account for free<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cfe13b9 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"4cfe13b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Open 20+ local currency accounts and get paid like a local<\/li><li>Pay suppliers, partners and staff worldwide in 100+ currencies<\/li><li>Collect payments for free from 130+ marketplaces and payment gateways, including Amazon, Etsy, PayPal and Shopify<\/li><li>Save with competitive exchange rates on currency conversions and transfers<\/li><li>Lock in exchange rates for up to 24 months for cash flow certainty<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bf1e215 elementor-widget elementor-widget-button\" data-id=\"4bf1e215\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/portal.worldfirst.com\/register?region=GB&#038;lang=en-GB\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-54527b0a e-flex e-con-boxed e-con e-parent\" data-id=\"54527b0a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6f2426 elementor-widget elementor-widget-spacer\" data-id=\"d6f2426\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91ce4bb elementor-widget elementor-widget-heading\" data-id=\"91ce4bb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Collect business payments and hold funds in 20+ currencies \u2013 with local account details<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc42a98 elementor-widget elementor-widget-text-editor\" data-id=\"dc42a98\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">With a World Account, you can reduce your exposure to currency fluctuations and save on international transaction fees by holding funds in different currencies.<\/span><\/p><p><span style=\"font-weight: 400;\">Simply set up an account and you can create receiving accounts in 20+ currencies, including CNH, USD, EUR and more. This dramatically reduces your exposure to currency movements, simply because it limits the number of times you need to convert currency. Instead, you can hold your receivables from international sales in the local currency and pay suppliers directly in those funds.<\/span><\/p><p><span style=\"font-weight: 400;\">What\u2019s more, for each account, you\u2019ll receive local account details. Rather than depending on international payment networks, such as SWIFT, this enables you to take advantage of faster transactions through domestic<\/span> <span style=\"font-weight: 400;\">networks. So, you can receive funds \u2013 and pay suppliers \u2013 much more quickly, for better future cash flow.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">While it won\u2019t affect your currency risk, having local account details also enables you to easily connect to e-commerce marketplaces. For instance, if you want to sell on Amazon US, you\u2019ll need a local account.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ef3860 elementor-widget elementor-widget-heading\" data-id=\"1ef3860\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Pay in over 100 currencies and lock in rates to make FX more profitable and predictable<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f60e3d elementor-widget elementor-widget-text-editor\" data-id=\"4f60e3d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">With WorldFirst, you can make payments in 100+ currencies in 200+ different countries. So, no matter what currency you <\/span><i><span style=\"font-weight: 400;\">hold <\/span><\/i><span style=\"font-weight: 400;\">money in, you can pay suppliers and employees all over the world \u2013 quickly and at competitive rates.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Whoever you want to pay and when, we offer a range of features to help you get the best currency exchange rates and reduce your foreign currency risk:<\/span><\/p><ul><li><b>Make fast payments with <\/b><a href=\"https:\/\/www.worldfirst.com\/uk\/spot-contracts\/\"><b>spot contracts.<\/b><\/a><span style=\"font-weight: 400;\"> If you want to make an international payment immediately, the rate you pay will be based on the market rate. 80% of these transactions settle in the recipient\u2019s account within 24 hours.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/li><li><b>Lock in a rate with a forward contract. <\/b><span style=\"font-weight: 400;\">You can protect your business from currency fluctuations by securing an exchange rate over a set period of time for a given amount of currency. You can guarantee an exchange rate for up to 24 months, to help make your finances more predictable. Forward contracts are a type of hedging strategy that can protect you from financial loss.<\/span><\/li><\/ul><p style=\"padding-left: 40px;\"><span style=\"font-weight: 400;\">With WorldFirst, you can choose between fixed, flexible and window forward contracts. For instance, in a window forward contract, you can buy specific amounts of currency within the settlement dates to provide you with a better overall exchange rate.<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><b>Set a target rate with a firm order. <\/b><span style=\"font-weight: 400;\">Rate changes are an inevitable part of the forex market. But if you want to reduce potential losses and maximise your profits, you can set up a firm order with us. Simply tell us your target exchange rate and we can exchange your funds to your chosen currency whenever that rate is reached.\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0e9b89 elementor-widget elementor-widget-heading\" data-id=\"d0e9b89\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Open and manage your World Account effortlessly and for free<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e8175c elementor-widget elementor-widget-text-editor\" data-id=\"2e8175c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">More than one million businesses have sent $300 billion around the world using WorldFirst. It couldn\u2019t be simpler for you to join them and start sending money internationally yourself.<\/span><\/p><p><span style=\"font-weight: 400;\">You can get set up with a World Account fully online. All you need to do is visit <\/span><a href=\"https:\/\/www.worldfirst.com\/uk\/product\/\"><span style=\"font-weight: 400;\">our application portal<\/span><\/a><span style=\"font-weight: 400;\"> and follow the simple steps. <\/span><b>Unlike many other multi-currency accounts, it\u2019s completely free to set up an account with us.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">You\u2019ll need to enter some business details and provide some basic documentation to prove your identity. Then, we\u2019ll verify your application usually within two business days.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Once your account has been verified, you can create currency accounts in 20+ currencies, including US dollar, euro and GBP. Then, you can manage all of your accounts through the same platform, to get easy visibility on your inflows, outflows and bottom line across all of the currencies you hold.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">To open a currency account and hold local currency, you won\u2019t need to have a local presence or address. And we don\u2019t charge any fees for you to hold currency or keep an account open. You can find more <\/span><a href=\"https:\/\/www.worldfirst.com\/uk\/pricing\/\"><span style=\"font-weight: 400;\">information on our pricing here<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87fe5e1 elementor-widget elementor-widget-heading\" data-id=\"87fe5e1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How Fresh4U relies on WorldFirst to manage its foreign exchange and global payments<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70f89f1 elementor-widget elementor-widget-text-editor\" data-id=\"70f89f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">While a student in London, Danial Paisawala was working part-time in the local fruit and veg market. There, he developed a passion for fresh produce that led him to set up the Fresh4U, a business selling produce from around the world.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Initially, Danial had few overheads, no employees to pay, and no business costs.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cWe would go to the airport, pick it up and deliver to the markets. You start with one country, two or three products and then you start adding on products and adding on countries. And that\u2019s how you sort of go on to that stage.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">However, as the business grew, Danial started to understand the threat of exchange rate movements \u2013 and the need for a robust risk management policy.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cForeign exchange is massive. If we were buying a box of ginger for [USD] $1.25 from China last month, [it] would cost me a pound more today than a month ago, just because of that five cents difference in exchange rate. And that increases the cost.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cThe prices change every day \u2013 there\u2019s no fixed pricing. Tomatoes could be four quid today, tomorrow it\u2019s eight quid and then the day after, it could be back to two pounds.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">To find some stability among these exchange rate fluctuations, Danial turned to WorldFirst.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cWe\u2019ve tried three or four competitors, always having WorldFirst as a support on the side as well. But it never worked out with them.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201c[WorldFirst] understands my requirements. It\u2019s much better for us as consumers to have the service that we need. It\u2019s a relationship.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">Now, Fresh4U has warehouses across London \u2013 and even has wholesale customers in Europe. And with WorldFirst\u2019s competitive exchange rates and reliable service, it\u2019s hoping to grow ever further.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Read the full case study: <\/span><a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/global-insights\/fresh4u-produce\/\"><span style=\"font-weight: 400;\">Fresh4U savours the success of global trade<\/span><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8cbbdc elementor-widget elementor-widget-heading\" data-id=\"b8cbbdc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Open a World Account today and better manage your foreign exchange risk<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11a237df elementor-widget elementor-widget-text-editor\" data-id=\"11a237df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you\u2019re an international business looking to reduce your currency exposure and improve your financial management, WorldFirst can help.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Sign up for a World Account for free today and you can:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hold funds in over 20 currencies<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make payment in 100+ currencies to 200+ countries\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Convert currencies at competitive rates<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lock in exchange rates to benefit from today\u2019s rate at a future date<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set target rates to easily benefit from affordable FX conversions<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Want to reduce your FX risk management? <\/span><a href=\"https:\/\/www.worldfirst.com\/uk\/product\/\"><span style=\"font-weight: 400;\">Open a World Account today<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20b2dff5 elementor-widget elementor-widget-image\" data-id=\"20b2dff5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"160\" height=\"160\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240327031331810.png\" class=\"attachment-large size-large wp-image-32122\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240327031331810.png 160w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240327031331810-150x150.png 150w\" sizes=\"(max-width: 160px) 100vw, 160px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3648fa42 elementor-widget elementor-widget-heading\" data-id=\"3648fa42\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">WorldFirst<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-192ad3d9 e-flex e-con-boxed e-con e-parent\" data-id=\"192ad3d9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1a0be033 e-flex e-con-boxed e-con e-child\" data-id=\"1a0be033\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c494ada Last3Articles elementor-widget elementor-widget-shortcode\" data-id=\"c494ada\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><div class=\"blogs_container\">\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/online-risk-management\/how-to-manage-foreign-exchange-risks\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/currency-exchange.jpg\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/online-risk-management\/how-to-manage-foreign-exchange-risks\/\">Foreign exchange risk management: How to make international business more affordable<\/a>\n                <\/h1>\n                <p>Foreign exchange risk management is vital to e-commerce brands. This article offers tips to help with foreign exchange risk.<\/p>\n                <span>May \/ 2025<\/span>\n            <\/div>\n        <\/div>\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/online-risk-management\/financial-crime-support\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/closeup-view-metal-handcuffs-dollars_181624-17914-1.jpg\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/online-risk-management\/financial-crime-support\/\">We\u2019re taking the fight to financial crime<\/a>\n                <\/h1>\n                <p>Find out how our team tackles financial crime and what businesses can do if they think they\u2019ve fallen victims.<\/p>\n                <span>Dec \/ 2024<\/span>\n            <\/div>\n        <\/div>\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/online-risk-management\/pros-cons-receiving-foreign-payments-local-currency\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/230033283.jpg\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/online-risk-management\/pros-cons-receiving-foreign-payments-local-currency\/\">Receiving foreign currency payments in local currency<\/a>\n                <\/h1>\n                <p>Learn about the pros and cons of local currency payments.<\/p>\n                <span>Dec \/ 2024<\/span>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-44b39dcd e-grid e-con-boxed e-con e-child\" data-id=\"44b39dcd\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c9e8ffc e-flex e-con-boxed e-con e-parent\" data-id=\"c9e8ffc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-26b23f54 elementor-widget elementor-widget-template\" data-id=\"26b23f54\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"45101\" class=\"elementor elementor-45101\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d900fac e-flex e-con-boxed e-con e-parent\" data-id=\"6d900fac\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-36c1eca9 e-flex e-con-boxed e-con e-child\" data-id=\"36c1eca9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4c238113 elementor-widget elementor-widget-heading\" data-id=\"4c238113\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">You might also like<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7f9ec2 elementor-widget elementor-widget-text-editor\" data-id=\"b7f9ec2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>WorldFirst articles cover strategies to mitigate risk, the latest FX insights, steps towards global expansion and key industry trends. Choose a category, product or service below to find out more.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6457b31 e-grid e-con-boxed e-con e-child\" data-id=\"6457b31\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-27fa6f1 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"27fa6f1\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/for-online-sellers\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Accounts for online sellers<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6712d69 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"6712d69\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/for-importers\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Accounts for importers<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0d3516 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"e0d3516\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Exploring new markets<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5c09e4 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"a5c09e4\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/business-with-china\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Doing business with China<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cea8463 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"cea8463\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/global-insights\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Global insights<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cacb43 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"6cacb43\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/international-transactions\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">International transactions<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77e016d elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"77e016d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/marketplaces\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Marketplace partnerships<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10d4375 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"10d4375\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/e-commerce-guides\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">E-commerce guides<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-402e871f e-flex e-con-boxed e-con e-parent\" data-id=\"402e871f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6bf86393 elementor-widget elementor-widget-template\" data-id=\"6bf86393\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"45104\" class=\"elementor elementor-45104\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2cfb4cdd e-flex e-con-boxed e-con e-parent\" data-id=\"2cfb4cdd\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4194f9d elementor-widget elementor-widget-heading\" data-id=\"4194f9d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Businesses trust WorldFirst<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5db8d328 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"5db8d328\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Almost 1,000,000 businesses have sent USD$300B around the world with WorldFirst and its partner brands since 2004<\/li><li>Your money is safeguarded with leading financial institutions<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-658bb0a0 elementor-widget elementor-widget-image\" data-id=\"658bb0a0\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"271\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-1024x347.png\" class=\"attachment-large size-large wp-image-32123\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-1024x347.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-300x102.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-768x260.png 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-1536x520.png 1536w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-360x122.png 360w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999.png 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home\u00a0 &gt;\u00a0\u00a0 Blogs\u00a0 &gt;\u00a0 Online risk management Foreign exchange risk management: How to make international business more affordable Last update: 19 May 2025 If you\u2019re a business operating across borders, one of the biggest threats to your profitability is volatility in the foreign exchange market. You\u2019re already running on very tight margins, but these can [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":47188,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Foreign exchange risk management: How to make international business more affordable | WorldFirst UK<\/title>\n<meta name=\"description\" content=\"Foreign exchange risk management is vital to e-commerce brands. 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