Jul 2022

How the fluctuating Australian accounting dollar impacts overseas labour hire companies

By: Odyssey General
Tags: Australian Accountant, Exchange Rate, Exchange Risk, Offshoring, Suppliers

It’s no secret that many Australian SME firms have been seeking labour hire overseas, with the risk as these services are usually quoted and paid in the foreign country source currency. With an Australian accounting dollar noted as a fluctuating currency, and the recent economic turmoil, especially in times of high inflation, it’s sure the foreign country source currency can …