How Foreign Exchange Can Affect Your Business And How You Can Adapt
For small and medium-sized enterprises (SMEs), it might seem odd that events or decisions on the other side of the world can hit the bottom line at home. As a global trading hub, Singapore is particularly exposed with its trade-to-GDP ratio far in excess of 300%. And it makes it all the more important that businesses are ready to adapt to any forex or wider economic pressures. A Barometer of International Trading Conditions It doesn’t take much for SMEs and even larger corporations to be affected by activities abroad....