Blog

Follow breaking news, market trends and company developments.

Explore the stories below to not only learn more about what’s impacting and shaping the currency markets and payments industry, but also updates on everything happening here at GreenShootsFX.

Croatia adopts euro from January 2023

11.23.22
You may have heard that Croatia will be adopting the Euro (EUR) from 1 January 2023. From this date, the Croatian Kuna (HRK) will no longer be the local currency of Croatia meaning we’ll no longer support HRK. WHAT’S CHANGING...

Rising fuel cost

06.20.22
Many of our blogs are relevant no matter what time of year we write them. Maybe we might have to amend an FX price or two to keep them current, but generally the content evolves around certain best practices that...

Debunking currency exchange confusion

06.14.22
You are a business that imports. Maybe, raw materials which you then turn into magnificent products that you then sell to U.S. consumers. It may well be you have international clients and therefore export certain goods. Whether you import...

How to increase your Days Payable

06.09.22
Would you starve yourself of food? Or oxygen? Or maybe of a good time? No, you wouldn’t. Or at least you shouldn’t! But you might be starving your company of cash flow which most likely requires you to...

An unexpected way to reduce lumber costs

06.08.22
As imports rise, foreign exchange issues are adding more cost. Fortunately, there’s a way to mitigate that cost. The building industry, including offsite, is using more imported lumber. Hidden bank fees on the currency exchange can be quite high...

Why ask for a quote in your vendors currency?

05.17.22
It’s a traditional approach to pay foreign suppliers in USD. Maybe you’ve always done it this way, and to your knowledge, it works out just fine.  Re-evaluating your payment methods could really pay off. If you’re paying...

"I'm Too Busy!"

05.02.22
The comment we hear time and time again from the finance folks at businesses that import is…. “I’m fine with my current provider” This might be true. After all, if you’ve never shopped around then you could be...

Cheaper, Faster, Better

04.26.22
Two years ago, the Financial Stability Board (“FSB”) and the Committee on Payments & Market Infrastructures (“CPMI”) published their roadmap to enhance cross-border payments, and then late in 2021 announced clear global targets for the speed, cost, access, and transparency of...

Best Practices for Importers

04.15.22
Many importers are paying for their goods and raw materials in U.S. dollars and not the currency of the vendor, therefore often overpaying by 4-7%. Also buried in there is FX risk that they can’t see and therefore...

Managing Non-G7 Currencies: Why paying in local currencies could benefit your business

03.28.22
According to a report by McKinsey & Company, “flows of goods, services, finance and people have reached unimaginable levels.” The study claims that by 2025, global flows could reach $54 trillion to $85 trillion, doubling current levels. As more businesses extend their supply...