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How to bank efficiently when expanding abroad

Tech companies tend to internationalise quickly, and expanding abroad can create foreign exchange risk.

Your bank can help you decide on the most appropriate strategy to mitigate this risk, ranging from currency accounts to FX trading.

We sometimes see younger companies undervaluing this risk – but currency fluctuations and market volatility seen in the last decade can pose a significant threat and an effective FX strategy can sometimes make the difference between profit and loss.

When setting up offices overseas, your bank can also help set up accounts through their network or referring you to partner banks.