An FX audit is a structured review of how a company manages its international activity. It provides a clear overview of the overall impact FX has on the business.

What happens during an FX audit? 

An FX audit looks at how a business handles international transactions in detail. It determines if these are being done in the most efficient way and highlights potential areas for improvement.

Areas it explores include: risk management, currencies used and processes used for payments, such as bulk payments.

Companies such as SwissFx offer FX audits, which we explain in more detail in our FX audit article.