Success built on hard knowledge After a year of trying and testing different ideas on how not to lose money when exchange rates fluctuate a lot I have drawn the following conclusions: Don’t listen to…
A business memory that hurts At the mention of this collaboration, I am overcome with some reverie and reminded that it still hurts a little. But one step at a time. One day at one…
Shopping for stock Our Entrepreneur’s story of self-inquiry did not end after a period of gambling. In fact, he took further steps in gaining experience as a currency management specialist. He opened a line of…
When does gambling pay off? Referring to previous publications on the #Exchord blog – our entrepreneur thought: “What idea doesn’t go and it gets more and more complicated. I promise myself – a moment to…
You can’t always raise prices Well! Since I can’t really handle the calculations and the bank won’t help me with anything (they can only sell their products), maybe I should let it go and raise…
Does the bank act like a first aid institution? The first call was to the bank. – “Do you have any products for importers?” – “How not to lose money on exchange rates?” -Where do…
I was buying dollars at the time. It was the end of 2014. I was trying to pay my business partner in China like every week about $20,000. I was confused because the rate at…
Eliminating the level of loss in the company by securing currency transactions, i.e. a savings policy based on personalized transaction monitoring Financial competences of people supported by digitization of processes on the basis of the…
One of the shareholders of #ExChord is the son of a retired accountant. He invested #ExChord shares because his mother shared her professional experience. Mom’s story: “We had Krystyna in the company, who was the…
This article is the first in a series about currency risk management in an enterprise. This subject should be of interest to all those whose company’s turnover is realized in foreign currencies. How to create…