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The clear (and covert) advantages of paying in local currency

Is it time to explore opening foreign-denominated bank accounts? This could add control and visibility to your cash management, and it may make it easier for your vendors and customers abroad – especially if they issue you invoices in their local currency.

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By Cross-Border
Oct 31, 2024
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Dollar gains in choppy trading, inflation meets expectations

Dollar gains in choppy trading, inflation meets expectations

"The worst fears of market participants have been largely alleviated by this print," said Karl Schamotta, chief market strategist at Corpay in Toronto.

Inflation in Canada slows with 2.9% increase in January, keeping June rate-cut expectations on track

Inflation in Canada slows with 2.9% increase in January, keeping June rate-cut expectations on track

Karl Schamotta, chief market strategist at Corpay, wrote in a research note that "traders anticipate a faster and more aggressive easing cycle" following Tuesday's data release.

Canada's Inflation Rate Slows and Bolsters Bets on Early Rate Cut

Canada's Inflation Rate Slows and Bolsters Bets on Early Rate Cut

The January inflation figure "will certainly raise the odds on an April rate cut," said Karl Schamotta, chief market strategist at Corpay.

LIV Golf and Corpay Announce Multi-Year Global Partnership
Global paymentsRisk managementCross-Border

LIV Golf and Corpay Announce Multi-Year Global Partnership

Global Corporate Payment Solutions Brand Serving as Official Corporate FX Provider of LIV Golf

Hedge Schedule Development: Best practices for aligning exposures with financial planning and analysis
Cross-BorderRisk management

Hedge Schedule Development: Best practices for aligning exposures with financial planning and analysis

Rolling hedges and layered hedges are two structures that can be used to help temper the effects of FX volatility on the balance sheet. The flexibility they offer can help enhance a business’s ability to adapt its hedging tactics to market events.

Hedge Schedule Development: Aligning exposures, FP&A and best practices
Risk managementCross-Border

Hedge Schedule Development: Aligning exposures, FP&A and best practices

Every business is unique in its structure, operations, and financial goals. Thus aligning foreign exchange hedging to a given business’s unique budgeting and decision-making processes can potentially offer greater control and better results.

Smarter payments. Stronger growth. Keep business moving.

See how corpay brings AP, card programs, lodging, fleet and cross-borders together