Why is foreign currency important in retail businesses? For entrepreneurs and small business owners, there are several reasons why foreign currencies could boost their business. Let’s address how investment, global trades, and currency exchange rates are three significant factors relevant to using foreign currencies in retail businesses. You can trade foreign currency through banks, financial institutions or trustworthy brokers. Foreign currencies are the basis of foreign trade, and price fluctuations are bound to have an equal effect on businesses.

Source: The Times October 02, 2023 09:20 UTC