On Thursday, January 18th, the Canadian Revenue Agency named OANDA a trusted source of foreign exchange data to be used by businesses and individuals, further establishing OANDA as one of the most credible providers of foreign exchange rates.
For corporate treasury teams, it can often be more challenging moving money than managing it when it’s in the register. As part of a new blog series, we will take a closer look at some of the macro events and currencies likely to have the greatest impact on the payments landscape in today’s volatile marketplace.
As with the other roles examined in this series, the integrity of multi-currency accounting is being tested by globalization and economic instability. This installment in our blog series examines the challenges of determining functional currency rates and how corporate accountants can focus on centralization and clarity to strengthen their efforts.