Currency Holidays
Eduardo Barreto Eduardo Barreto

Currency Holidays

Golden Week starts on 1 October, and Chinese banks don't reopen until the 8th… Read and don’t get caught out by avoidable delays!

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The Fed raised rates.
Eduardo Barreto Eduardo Barreto

The Fed raised rates.

Yesterday, the Federal Reserve raised rates by 25 basis points to 3.75%–4.00%, its first hike since 2023. We review the consequences…

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A system that works fine until it doesn't.
Eduardo Barreto Eduardo Barreto

A system that works fine until it doesn't.

EUR account at the main bank, USD account at a second neobank and a sterling account that's been meaning to get set up for six months.

Late Payments and struggles to reconcile.

What else is delaying month close?

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ECB first rate hike since September 2023.
Eduardo Barreto Eduardo Barreto

ECB first rate hike since September 2023.

The ECB raised interest rates. First hike since September 2023.

Now we have a 150 basis point gap between the Fed and the ECB. And if you're a European business with dollar exposure, this gap matters more than you probably realise.

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An Entrepreneur and an FX guy walk into a bar…
Eduardo Barreto Eduardo Barreto

An Entrepreneur and an FX guy walk into a bar…

“At some point, I asked him what his bank charges for FX. He said "nothing, it's included."

I almost spat out my pint. So much for ever expanding into the UK...

But after some digging, the truth came out.”

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