Currency Fluctuations Top Concern For Small Businesses

Almost one-third of American small businesses depend on friends and family for international payments advice and nearly half cite currency fluctuations as a top concern for financial risk, according to a survey by American Express. "Small businesses tend to rely on friends and family, but when the financial stability and growth of your business comes into play, using a trusted international payments provider is critical," said Weinhouse, Vice President of American Express.
"Small businesses often need to fund offices overseas or manage payments to international suppliers," Weinhouse noted. "With 74 percent of small businesses believing that international trade is key to driving economic recovery, American Express can help managers and businesses navigate international payment." Gloabl small businesses lack confidence in the U.S. dollar. Concern for the stability and strength of the U.S. dollar is the top reason why confidence has decreased in international trade.

