CGP News & Resources

Olympia CGP

Recent Posts

Multi-Currency Account Saved Company 5% on Monthly Revenue

Posted by Olympia CGP on 5/11/20 1:49 PM

A Canadian Software company with product distribution internationally, was struggling to find an alternative solution to accepting  and holding foreign currencies as payment. With operations in Europe, Australia and the United States, bringing revenue back to Canada meant that these currencies, once received, would need to be immediately exchanged to Canadian Dollars in order to hold the funds in their account.

Topics: Case Studies

How to Free Up Working Capital

Posted by Olympia CGP on 3/23/20 9:16 AM

Foreign currency exchange may be affecting your bottom line, but it doesn’t have to.

For Canadian import and export companies, fluctuations in exchange rates can make it challenging to budget up-front costs or determine revenues in foreign currencies. 

Topics: Articles

How Do I Send an International Wire Transfer?

Posted by Olympia CGP on 3/13/20 11:24 AM

If your business deals with international manufacturers, suppliers or overseas employees, chances are you will need to send international money transfers or international wire transfers on a regular basis. It takes an estimated one to three days for an international payment to clear.

Topics: Articles

The Secret to Easy International Payments

Posted by Olympia CGP on 3/13/20 11:17 AM

Regardless of the size or nature of your company, an international invoice is likely to land on your desk at some point in time. International import and export is becoming commonplace for small and large businesses alike. Perhaps a contractor in Europe specializes in a problem you are facing, or a supplier in Australia has a machine you need for manufacturing. 

Topics: Articles

Streamlining Global Payments Saves Company Time and Resources

Posted by Olympia CGP on 3/13/20 10:41 AM

The Challenge

A mining company with international operations in Canada, Africa, and the Middle East was having problems effectively making global payments. Their annual currency exchange volume was between $500,000 to $2 million.

Topics: Case Studies

The Truth About Banks vs. Financial Institutions

Posted by Olympia CGP on 3/9/20 3:17 PM

When it comes to Foreign Exchange, which one should I go with?

Whether you are importing/exporting goods, making a large purchase or sale in another country, you will encounter the need for foreign exchange services.

Topics: Articles

New Hedging Strategy Saved Local BC Company Half a Million Dollars

Posted by Olympia CGP on 3/9/20 2:35 PM

The Challenge

A BC nursery was experiencing frustrations and challenges with its bank over inconsistent and confusing trading fees when executing its foreign exchange transaction.

Topics: Case Studies

Why do Currencies Fluctuate?

Posted by Olympia CGP on 3/4/20 7:07 AM

Variables that influence currency value

There are many variables that shape a country’s currency value. However, currencies much like any other tradable item are priced based on the laws of supply and demand. Here are some of the factors that impact the supply and demand.

Topics: Articles

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