Quoted Stats & Facts

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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

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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).

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https://www.bibbyfinancialservices.com/about-us/news-and-insights/reports/2017/trading-places

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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.

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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

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https://www.british-business-bank.co.uk/wp-content/uploads/2020/02/702-UK-SME-Exporting-A4-86pp_publication_single-pages.pdf

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