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Why are Businesses Moving to Multi-Currency Accounts? Where to Start

Learn why global businesses are adopting multi-currency accounts to reduce FX costs, streamline cross-border payments, and unlock growth. Our guide explains key benefits, how to choose the right account, and actionable next steps for finance teams.

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By Cross-Border
Dec 19, 2025
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Reuters: Dollar declines on Middle East truce hopes

Reuters: Dollar declines on Middle East truce hopes

"You have very clear guidance coming from the Trump administration that they're looking for an ​exit ramp here and that's playing into market expectations that there will eventually be a symbolic deal ⁠between the U.S. and Iran....", said Karl Schamotta.

Financial Post: Posthaste: How the U.S. dollar stole the Canadian dollar's petrocurrency thunder

Financial Post: Posthaste: How the U.S. dollar stole the Canadian dollar's petrocurrency thunder

“The shale revolution turned the United States into the world’s largest oil and natural gas producer, meaning energy price swings now feed more directly into American trade balances, capital flows and Fed policy expectations,” Karl Schamotta, Corpay.

Case Study: New Zealand Football
Cross-BorderGlobal payments

Case Study: New Zealand Football

Learn how New Zealand Football manages multi currency payments, international travel costs, and FX exposure across global tournaments and operations.

CNN: Oil prices drop and stocks rally after Trump’s ceasefire announcement

CNN: Oil prices drop and stocks rally after Trump’s ceasefire announcement

“Beyond the near term, Iran’s ruling regime has (arguably) solidified its political control, and has demonstrated its capacity for bringing global oil and gas markets to their knees,” wrote Karl Schamotta, Corpay.

Reuters: Canadian dollar notches 13-day high after U.S.-Iran ceasefire

Reuters: Canadian dollar notches 13-day high after U.S.-Iran ceasefire

"The Canadian dollar is climbing on an improvement ​in risk appetite and borrowing costs, reflecting the fact that its long-standing ​role as a petrocurrency has eroded markedly in recent years," Karl Schamotta, Corpay.

Financial Post: Markets Making Wrong Call On Interest Rates

Financial Post: Markets Making Wrong Call On Interest Rates

Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, talks with the Financial Post’s Larysa Harapyn about the impact of the Iran war on currency markets.

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