An IBAN (or International Bank Account Number) is a globally recognised process for identifying bank accounts when sending and receiving international transfers. In other words, an IBAN pinpoints a specific bank account when you send money abroad. The idea of an IBAN...
Exchange rates are the beating heart of the foreign exchange (FX) market. They are constantly moving, and sudden changes can have dramatic effects on economies, businesses and financial markets. In this article, we’re analysing what makes exchange rates rise and fall,...
Understanding international payment costs is essential for global business to thrive in 2025. Since 2017, cross-border payments have risen significantly – and are expected to reach $250 trillion by 2027. That’s an increase of over $100 trillion in just a decade,...
Global trade allows countries from all over the world to access goods and services they would otherwise be unable to produce. Without it, nations wouldn’t be able to function effectively, so much so that every country in the world imports goods. However, sometimes...
The shipping container industry remains a multi-billion-dollar sector, crucial to the global economy. Over 80% of world trade still moves by sea, making efficient financial management essential for businesses navigating the uncertainties of 2025. With ongoing...
Interest rates and exchange rates are closely linked. When interest rates rise, a currency typically strengthens. When rates fall, the currency may weaken. For the euro, this relationship is largely shaped by the decisions of the European Central Bank (ECB). But, like...
