Corpay

10 Jun, 2022

Cross-BorderGlobal paymentsRisk management

GQS (Australia) Pty Ltd

default cross border case study 002

GQS provides inspection and audit services to the oil and gas industry worldwide. For them, AUD / USD rate fluctuations represent their main currency risks. GQS purchases USD, amongst other currencies, so a fall in the AUD will increase their foreign exchange costs.