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21 November 2023
Currency conversions constitute a substantial part of many businesses' cost structure, comparable to other essential expenses like staff salaries, rent, or utility bills. However, what often eludes businesses is the genuine cost of these currency conversions, concealed by the constant fluctuations in exchange rates. In this blog post, we aim to unveil the hidden costs associated with currency conversions and provide insights into how businesses can optimize their strategies to achieve significant cost savings.
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