Guides

When pricing up an invoice for local customers when importing, businesses need to consider the local exchange rate of the suppliers and factor this in their pricing. This is called a budget rate or costed level. The same applies when exporting – the cost of production or sale locally needs to be calculated when invoicing customers overseas. The budget rate is the exchange rate that a company’s financial management uses to draft budgets and establish business objectives…. Download to Read More

Questions you should think about when forecasting currency needs, budget rates and payment terms: