What is a FX spot transaction?
The foreign exchange (FX) spot transaction is the simplest form of a currency exchange. It is used when a buyer and a seller wish to execute a transaction against immediate cash and delivery at the current market value (“on the spot”). In business contexts, FX spot is used for immediate foreign payments, supplier settlements, or […]
Cash Discounts vs. Dynamic Discounting Benefits
2% cash discount if the invoice is settled within 10 days or 30 days – accountants are confronted with this decision every day. Above all in the DACH region, cash discounts are common. Essentially, a cash discount is a price reduction for early payment. In addition to cash discounts, large companies are now increasingly offering […]
Forex exchange a zahraniční platby: 8 Možností pro malé a střední firmy v České republice
Please find the English version of this article here! Měnové konverze a zahraniční platby jsou častým tématem pro malé a střední podniky: firmy v České republice vykazují značnou aktivitu v mezinárodním obchodě, export do zemí mimo eurozónu činí přibližně 30 %. Na druhou stranu import ze zemí mimo eurozónu představuje přibližně 50 % celkového dovozu. […]
FX and international payments: 7 solutions for SMEs in the German-speaking area
Foreign exchange transactions (fx) and global payments are a relevant topic for SMEs: SMEs in the D-A-CH area are showing strength in the export-business with an export share significantly above the 10% EU-average and a growing number of companies import goods and services from abroad. There is a variety of ways to manage these fx […]
Swiss Banks’ Foreign Exchange Rate Comparison (November)
Swiss banks charge on average 1.46% for currency exchange. In some cases 4.5 times more than amnis. Small and medium-sized companies are often unaware that high exchange rate mark-ups are hidden in the standard industry exchange rates. Amnis, however, is committed to transparent conditions and, thus, regularly analyzes the fees included in banks’ foreign exchange […]
Swiss Banks’ Foreign Exchange Rate Comparison (August)
Swiss banks charge on average 1.45% for currency exchange. In some cases 4.5 times more than amnis. Small and medium-sized companies are often unaware that high exchange rate mark-ups are hidden in the standard industry exchange rates. Amnis, however, is committed to transparent conditions and, thus, regularly analyzes the fees included in banks’ foreign exchange […]
Swiss Banks’ Foreign Exchange Rate Comparison (July)
Swiss banks charge on average 1.4% for currency exchange – in some cases 4.5 times more than amnis. Small and medium-sized companies are often unaware that high exchange rate mark-ups are hidden in the standard industry exchange rates. Amnis, however, is committed to transparent conditions and, thus, regularly analyzes the fees included in banks’ foreign […]
Foreign exchange transactions even more convenient with amnis & eBill
From now on, amnis customers can automatically collect CHF or EUR from their bank account via eBill for the purchase of any foreign currency. «With the integration of eBill, we are simplifying the entire process for foreign exchange transactions and related foreign payments on our intuitive platform one step further.» Michael Wüst, CEO – AMNIS […]
Former Julius Baer banker Peter Gerlach joins the Board of Directors of Swiss fintech amnis
New know-how and expertise in the Board of Directors amnis, a Swiss fintech company founded in 2014 with the purpose of simplifying international payment transactions for SMEs, appoints Peter Gerlach as new member of the Board of Directors. Peter Gerlach held various positions at Julius Baer up to 2020, including several years as Head of […]