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ARTICLE · 03 NOVEMBER 2021

‘Are You Ready For 2022?' By Western Union Business Solutions

Finance Malta
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International trade and cross border payments have been forever changed by the pandemic. Multiple factors such as disruption to supply chains...

MaltaFinance and Banking
Finance Malta
Finance Malta
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International trade and cross border payments have been forever changed by the pandemic. Multiple factors such as disruption to supply chains, digitalisation, surging freight costs or government lockdowns have had a far-reaching impact on how we all run our business.

As we now look ahead to 2022, the correlation between currency, trade and revenues, and the importance of developing strong foreign exchange strategies cannot be underestimated. Research shows that 66% of finance leaders felt exposure monitoring has been their biggest FX pain point during the pandemic so far. Meanwhile, 42% and 38% across education and retail sectors respectively report that currency volatility has negatively impacted either their profit margins or customer pricing models*.

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