A reserve currency is one that is held in large numbers by a foreign country’s central bank or monetary authority. Reserve currencies are held for a number of reasons including: To minimise exchange rate risks To sure up the domestic currency To make complex international payments between countries To help, support and facilitate global trade […]
A report used around the world When companies are looking to expand abroad, there are a number of factors that go into choosing a new market. Is the demand there for the product? Does the market have a sufficiently trained workforce? Will it be cost-effective to produce/deliver locally? One of the biggest questions is often […]
For decades the Japanese Yen has been seen as a ‘safe-haven’ currency. Japan and its economy are world-leading, regularly appearing in the top three on lists of economic strength indicators (after China and the US.) However, for the last few years, even before Covid, the Japanese economy and its currency have stagnated. As New Year […]
(It’s been another great year for Renminbi) Doing well: Chinese Yuan It has been a really strong year for the Renminbi. Starting off the year at over 9 CNY to 1 GBP, the Chinese Yuan (CNY) has outperformed the pound. Over the course of the year, we have seen rates as low as 8.1. As […]
We’d like to give a big welcome to Beidi, Jixian and Linyu who became part of the Cornerstone team this week. Beidi, Jixian and Linyu are joining the Asia Team as Interns and will be helping to support this growing part of the Cornerstone business.
New team appointed to leverage increasing foreign investment from Asia in UK and to grow direct business Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that it has appointed a new team to market the Group’s services to businesses located in Asia, […]