A locked-in foreign exchange spot rate would help companies mitigate exposure to currency fluctuations and simplify treasury management processes such as...
FILE PHOTO: Bank of America logo is seen on the entrance to a Bank of America financial center in New York - Bank of America on Monday extended its guaranteed exchange rates by up to one year, the longest tenor in the industry, in an effort to reduce the risks to cross-currency transactions amid rising volumes.
"For corporate treasurers, volatile FX markets exacerbate the challenge of cash flow forecasting," said Daniel Stanton, head of transactional FX in global payments solutions at Bank of America. Much of the cross-border payments are generated by businesses in e-commerce, services and manufacturing industries.Fantasy Football Pulse Check: Was Amari Cooper the key to Bills' passing game?
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Daniel Stanton Exchange Rates Cash Flow Forecasting Currency Fluctuations Foreign Exchange Spot
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