Risk Management11 min read
A Guide to Foreign Exchange (Forex) Risk for Freelancers
As a successful global professional, you don't worry about the small things. You worry about the hidden risks—the ones that can turn a great quarter into a compliance nightmare. Foreign exchange (forex) risk isn't just about losing a few percentage points on a wire transfer; it's about the unpredictable cash flow that shatters your financial planning and the daunting compliance traps that come with managing multiple currencies. When your income is global, currency fluctuation can quietly eat away at your earnings, making it difficult to predict how much you'll actually receive from an invoice. This instability is more than an inconvenience; it's a direct threat to your financial well-being.
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