?? Managing FX Risk: Turning Market Volatility into Growth Opportunities ??

?? Founder's Note

If you've been following the stock market as closely as I have, you would have seen how tumultuous August has been for global financial markets. Notably, the Japanese stock market saw a substantial decline, with the Nikkei 225 index dropping 8.1% on August 5th.

This marked its worst two-day decline in history, erasing all of 2024's gains as the index plummeted from its peak of over 42,000 points to around 31,458. The currency markets weren't spared either, with the yen appreciating against the dollar following the Bank of Japan's policy decision.

These market movements highlight the inherent risks in forex markets and underscore the importance of robust FX risk management strategies. In times of market uncertainty, the value that Wallex provides becomes even clearer, empowering businesses to protect themselves against FX exposure.

As we navigate these fluctuations in the markets, we remain committed to helping your business turn such volatility into opportunities for stability and growth.

Onward and upward,

Hiro Kiga

Calling all SMEs – We Want Your Input! ??

Your insights as industry leaders are vital for creating a comprehensive view of the cross-border environment faced by SMEs.

Participate in our inaugural SME Pulse Survey and let us hear your insights on your cross-border payment experiences.

Our goal is to develop an SME Playbook that addresses the unique challenges you face. ??

?? Share your experiences and contribute to the pulse of the SME landscape!

?? Take the Survey Now

?? Upgrade Alert: New Multi-Currency Account Dashboard

We are pleased to inform you that the new Multi-Currency Account Dashboard has been rolled out for all our Wallex users. This update is designed to enhance your experience and simplify your cross-border transaction experience.

Here are the key features and benefits:

• Streamlined Currency Dashboard View: Now, you can choose a specific currency to view all related transactions at a glance. This view makes it easier for you to manage your multi-currency account and perform the various transactions from one convenient location.?
• One-Click Top-Ups: Quickly replenish your account with a single click, saving you time and effort in managing your funds.
• Integrated Rate Calculator: Access real-time FX rates directly from your dashboard and initiate transfers directly from the rate calculator upon checking the rates.
• Notifications on Pending Approval: For those in the "Approver" role, the updated interface provides greater oversight of transactions pending approval or funding. This enhancement allows for improved clarity when reviewing each transaction, ensuring you can make informed decisions and stay on top of your account activity with ease.

(Note: The streamlined currency dashboard view and one-click top-ups are only available to customers based in Singapore.)

?? Product Trivia: Can you name the 5 major ASEAN currencies which Wallex offers same-day transfers?

Experience the convenience of same-day transfers with Wallex, now available for at least five major ASEAN currencies:

• Singapore Dollar (SGD)
• Malaysian Ringgit (MYR)
• Indonesian Rupiah (IDR)
• Thai Baht (THB)
• Vietnamese Dong (VND)

Our robust infrastructure and commitment to security not only allows you to manage your cross-border transactions with confidence and ease, but ensures that your funds reach their destination on the same day.

Take advantage of our same-day transfer capabilities across the ASEAN region now!

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