Media Releases
Travelex and EFIC help exporters manage their foreign exchange risk
11 May 2010
Travelex and the Australian Government’s export credit agency, Export Finance and Insurance Corporation (EFIC), today announced an agreement that will allow Travelex to provide eligible exporters with higher foreign exchange trading limits without the need for additional security from the exporter.
Travelex urges SME's to protect against currency volatility
Australian SME’s are being warned that unexpected changes in the foreign exchange market could significantly impact their bottom line. Travelex Regional Divisional Director, Asia Pacific, Kerry Agiasotis, said following recent volatility in the value of the $AUD it was an opportune time for SME’s to consider the FX risk in their business. To help SMEs better understand foreign exchange (FX) exposure and risk, Travelex has released a new resource, A Guide to Hedging – How SME’s Can Protect Their Profit Margin.
TowerGroup research ranks Travelex industry leader in payment solutions
Travelex Global Business Payments, a leading provider of international payments and foreign exchange solutions, today released a new research report, in partnership with TowerGroup, that ranked Travelex Global Business Payments as the industry leader in global payment solutions for the Small-Medium Enterprise (“SME”) market.
Travelex rolls out customised Foreign Exchange solution for leading IT consumables supplier
Foreign exchange and business payments specialist Travelex today announced the award of a new agreement to provide an integrated overseas payment and foreign exchange solution to one of Australia’s leading IT hardware and consumables distributors. Under the contract, Dynamic Supplies has introduced GlobalPay, Travelex’s secure webbased FX and payments platform to manage its international payment requirements.
New study shows SME Spot FX use is rising but few hedging currency risk
New research into the business activities of Small and Medium Enterprises (SME’s) who trade internationally shows that while an increasing number are using Spot FX products, fewer than 1 in 20 are actively hedging currency risk.
Exporters Seek Ways to Manage Currency Risk
Tough global economic conditions have resulted in numerous challenges for Australian exporters.There is now a strong incentive to effectively manage all commercial risks in order to protect margins and maintain business competitiveness. Exchange rate volatility is a key risk exporters cannot ignore. By implementing an appropriate hedging strategy currency risk can be mitigated.
Travelex set to take emerging payment technology across Asia Pacific
Travelex strengthens its Dynamic Currency Conversion (DCC) offering for Asia Pacific with agreement to acquire Pulse Pos Pty Ltd a subsidiary of Pulse International.
Travelex launches QUIDs in space
Travelex unveils the first unit of currency to be created for use in space in partnership with a team of scientists from the National Space Centre.
Travelex completes acquisition of Ruesch International
Travelex, the world’s leading global business payments specialist, today announced the completion of the acquisition of Ruesch International.
Travelex and Ruesch International
Travelex, the world’s largest non-bank provider of international payment services, announced today that it has agreed to acquire Ruesch International from Welsh, Carson, Anderson & Stowe for US$440 million.
