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SME exporters unclear on foreign exchange fees

With international trade and export playing a major key role in the growth of so many SMEs, you'd think that foreign exchange charges would be second nature to those business owners, however, this may not be the case...
13 November, 2013

Let’s look at the numbers.

In a survey carried out on over 500 SMEs (small and medium enterprises) by YouGov, it has been found that:

80% don’t know the cost of the foreign exchange fees their banks charge

43% would find international trade more appealing if fees were made clearer to them

25% feel their banks make it clear to them of their charged fees

To read more about this, and to see more results of this survey, click here!