The Australian Seller cover image

TAS 161 – Forward Contracts, Canton Fair, Supplier Relations and auditing your Supply Chain. Jim Vrondas from WorldFirst explains.

The Australian Seller

CHAPTER

Navigating Multi-Currency Accounts for Cross-Border Sales

This chapter explores the benefits of multi-currency virtual accounts for Australian sellers in international trade, addressing the hurdles of opening foreign currency accounts. It discusses strategies like forward contracts to manage currency risks and improve cash flow, while emphasizing the value of supplier relationships. The chapter also highlights an educational event in Sydney aimed at enhancing global growth for businesses, along with insights from recent sourcing experiences.

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