This section contains a reference point for the source of any claims, statistics or quotes used throughout the website. If you feel that anything stated is misquoted or incorrect then please contact compliance@bound.co
Claim: £70k average UK SME currency loss
Source: Bibby Financial Services’ recent Trading Places Report highlights that 67% of UK SME exporters have experienced negative Foreign Exchange fluctuations averaging £70,000 over the previous 12 months (Bibby Financial Services, 2017).
https://www.bibbyfinancialservices.com/about-us/news-and-insights/reports/2017/trading-places
Claim: 94% of FTSE 500 companies hedge
Source: At its 24th Annual General Meeting in Beijing, the International Swaps and Derivatives Association, Inc. (ISDA) announced the results of a survey of derivatives usage by the world’s 500 largest companies. According to the survey, 94% of these companies use derivative instruments to manage and hedge their business and financial risks.
https://www.isda.org/2009/04/22/derivative-usage-survey/
Claim: 4% of SME’s currently hedge
Source: “4% of exporting SMEs currently using products to mitigate against foreign currency risks” UK SME exporting trends: finance and trade | February 2020
Salesforce Quote
https://www.cnbc.com/2022/05/31/benioff-foreign-exchange-pushed-salesforce-to-lower-revenue-guidance.html
Meta Quote
https://techcrunch.com/2022/07/27/meta-posts-its-first-ever-quarterly-revenue-decline/
Microsoft Quote
https://www.moneycontroller.co.uk/finance-news/microsoft-corporation/press-release-fy22-q4-783997
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