Papadimitriou: Strategic Currency Conversion Can Save Businesses Up To 15%
August 25, 2011 at 12:49 PM EDT
Investors know very well the importance of spreads to foreign currency trading, a staggeringly large industry with an average daily turnover of roughly $3.98 trillion, but when it comes to foreign business travel or relationships with overseas vendors, many business owners fail to take advantage of disparities as high as 15% between the exchange rates offered by different payment methods and different companies.