{"id":25090,"date":"2025-12-18T16:32:40","date_gmt":"2025-12-18T11:02:40","guid":{"rendered":"https:\/\/blog.razorpay.in\/blog\/?p=25090"},"modified":"2026-02-03T15:29:59","modified_gmt":"2026-02-03T09:59:59","slug":"foreign-exchange-risks","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/foreign-exchange-risks\/","title":{"rendered":"Foreign Exchange Risk: What Is It, Types, and How to Reduce It?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Imagine this \u2014 you invoice a US client for $10,000, but by the time the payment arrives, the rupee has strengthened, and you receive less in INR. That loss due to currency fluctuations is called foreign exchange risk. Simply put, foreign exchange risk is the possibility of losing money due to changing exchange rates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With increasing global trade, volatile markets, and ongoing currency uncertainty, this risk now affects everyone \u2014 from SaaS exporters to freelancers and e-commerce sellers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Continue reading this guide to learn what foreign exchange risk means, the main types of foreign exchange risk exposure, and how you can effectively manage or reduce it in your business.<\/span><\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<h2 style=\"color: #0073aa; font-size: 18px; margin: 0 0 8px 0; display: inline-block;\">Key Takeaways<\/h2>\n<ul style=\"display: inline-block; margin: 0 0 0 10px; padding-left: 18px; vertical-align: top;\">\n<li>India does not use IBAN numbers for banking, so you do not need one to receive international payments.<\/li>\n<li>To get paid from overseas, you simply provide your bank account number, account name, branch details, and the correct SWIFT code.<\/li>\n<li>This article has listed the primary SWIFT codes for major banks like HDFC, ICICI, and SBI, which are sufficient for most international transfers.<\/li>\n<li>If you want a simpler and faster way to receive global payments without worrying about SWIFT or IBAN formats, Razorpay offers an easier alternative.<\/li>\n<\/ul>\n<\/div>\n<h2><b>What Is Foreign Exchange Risk? (or Currency Risk)<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Foreign exchange risk (or FX risk) is the potential loss you face when <a href=\"https:\/\/razorpay.com\/blog\/business-banking\/exchange-rates\/\">exchange rates<\/a> move unfavourably between the time you agree on a payment and when you actually receive it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While people often use \u201cforeign exchange risk\u201d and \u201ccurrency risk\u201d interchangeably, there\u2019s a subtle difference.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Currency risk is a broader term that refers to any financial exposure arising from currency fluctuations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign exchange risk is specifically tied to international business transactions \u2014 when money moves across borders, and you\u2019re converting from one currency to another.<\/span><\/li>\n<\/ul>\n<p><b>Let\u2019s revisit the earlier example to make this clear.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">You invoice a US client $10,000 when the exchange rate is \u20b984 per USD.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expected payment: $10,000 \u00d7 \u20b984 = \u20b98,40,000<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">But by the time your client pays, the rupee strengthens to \u20b982 per USD \u2014 meaning you receive \u20b98,20,000 instead of \u20b98,40,000, a direct loss of \u20b920,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And this isn\u2019t just a \u201ccost of doing business.\u201d It directly reduces your earnings and makes it harder to plan your cash flow. For a growing business, even small currency changes can disrupt budgets, delay payments, and affect future growth plans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In recent years, foreign exchange risk has become more unpredictable due to geopolitical tensions, rising inflation, and interest rate differences between major economies. These factors cause currencies like the rupee to fluctuate sharply, directly impacting how much you finally earn from international payments.<\/span><\/p>\n<h2><b>Main Types of Foreign Exchange Risks<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Businesses face three main types of foreign exchange risk exposure: Transaction risk, translation risk, and economic risk. Each affects your finances differently, but transaction risk is the most immediate, as it directly impacts your cash flow and profit with every overseas payment.<\/span><\/p>\n<h3><b>1. Transaction Risk<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Transaction risk arises when the exchange rate changes between the time you send an invoice and when you receive the payment. This type of risk is most critical because it affects your real earnings and can reduce your profit margin or disturb your cash flow.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if you invoice a client for $1,000 at \u20b984 per USD, you expect \u20b984,000. If the rate drops to \u20b982, you\u2019ll receive \u20b982,000 \u2014 losing \u20b92,000 simply due to currency fluctuation.<\/span><\/p>\n<h3><b>2. Translation Risk<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Translation risk is an on-paper risk that affects how your company\u2019s finances appear when you consolidate accounts from different countries. It doesn\u2019t affect your actual cash flow, but it can change how your profit or assets look in reports.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, an Indian SaaS company with a Singapore branch must convert its earnings from SGD to INR for reporting. If the Singapore dollar weakens, the company\u2019s total revenue appears smaller in rupees, even though its operations performed well.<\/span><\/p>\n<h3><b>3. Economic Risk (or Operating Risk)<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Economic risk is a long-term type of foreign exchange risk showing how currency changes can affect your overall competitiveness, pricing, and growth in global markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if the rupee strengthens against the dollar, your products or services become more expensive for international clients, making it harder to compete with companies from weaker-currency countries.<\/span><\/p>\n<p><a style=\"background-color: #1a73e8; color: #ffffff; font-weight: 600; padding: 6px 14px; border-radius: 6px; font-size: 13px; text-decoration: none; display: inline-block; white-space: nowrap;\" href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/?utm_source=blog&amp;utm_medium=referral&amp;utm_campaign=internationalpayments\">Explore Razorpay&#8217;s Global Payment Solutions<\/a><\/p>\n<h2><b>Comparison: Types of Foreign Exchange Risk<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Type<\/b><\/td>\n<td><b>What It Affects<\/b><\/td>\n<td><b>When It Occurs<\/b><\/td>\n<td><b>Who It Impacts Most<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Transaction Risk<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Actual payments and receipts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Between invoicing and payment<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Freelancers, exporters, SaaS startups<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Translation Risk<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Financial reporting and balance sheets<\/span><\/td>\n<td><span style=\"font-weight: 400;\">During the consolidation of foreign accounts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Businesses with overseas subsidiaries<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Economic Risk<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Competitiveness and market strategy<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Over time, as currencies fluctuate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Growing exporters and SaaS firms<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<h2 style=\"color: #0073aa; font-size: 18px; margin: 0;\">Did You Know?<\/h2>\n<p><span style=\"font-weight: 400;\">In 2023, many Indian importers and exporters left a larger share of their foreign exchange exposure unhedged, relying on RBI support and a stable rupee, increasing their overall foreign exchange risk.<\/span><i><\/i><\/p>\n<\/div>\n<h2><b>Guide to Foreign Exchange Risk Management Techniques<\/b><\/h2>\n<h3><b>Internal &amp; Operational Strategies<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">These are the simplest ways to red<\/span><span style=\"font-weight: 400;\">eal wi<\/span><span style=\"font-weight: 400;\">uce\u00a0<\/span>currency risk<span style=\"font-weight: 400;\">\u00a0without using complex financial tools. They\u2019re ideal for businesses that d<\/span><span style=\"font-size: 19px;\">th moderate <a href=\"https:\/\/razorpay.com\/accept-international-payments\/\">international payments<\/a>.<\/span><\/p>\n<h4><b>1. Invoicing in Your Home Currency (INR)<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">This is the most straightforward way to avoid foreign exchange risk. When you invoice your clients in Indian rupees, your earnings remain unaffected by changes in exchange rates. You know exactly how much you\u2019ll receive, making your revenue predictable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The challenge is that international clients often prefer paying in their local currency. In such cases, you can discuss flexible terms or offer small benefits (like faster delivery) to encourage payment in INR.<\/span><\/p>\n<h4><b>2. Leading and Lagging<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">\u201cLeading\u201d and \u201clagging\u201d are timing strategies that help you make the most of expected currency movements.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You <\/span><b>lead<\/b><span style=\"font-weight: 400;\"> payments \u2014 that is, collect them earlier \u2014 when you expect the rupee to weaken against the foreign currency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You <\/span><b>lag<\/b><span style=\"font-weight: 400;\"> payments \u2014 delay them \u2014 when you expect the rupee to strengthen.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In short, you adjust your payment timing to gain a small advantage from exchange rate trends. While you can\u2019t always predict markets, being alert to general movements (like when the dollar is rising or falling) can help you reduce small but consistent losses.<\/span><\/p>\n<h4><b>3. Currency Netting<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">If your business both pays and receives money in the same foreign currency, currency netting can simplify things. Instead of converting each transaction separately, you balance the inflows and outflows first, and only exchange the remaining amount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if you\u2019re expecting payments from a UK client and also need to pay a UK supplier, you can offset one against the other. This reduces how many times you need to convert currencies and lowers your overall foreign exchange exposure.<\/span><\/p>\n<h3><b>Financial Hedging Instruments (Traditional Methods)<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When you handle larger or more frequent <a href=\"https:\/\/razorpay.com\/blog\/foreign-transaction-fees\/\">foreign transactions<\/a>, operational tactics alone may not be enough. This is where financial hedging instruments come in. These tools help you secure a fixed exchange rate or protect yourself from sudden losses due to currency swings.<\/span><\/p>\n<h4><b>1. Forward Contracts<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">A forward contract allows you to lock in today\u2019s exchange rate for a transaction that will happen in the future. It\u2019s like signing an agreement with your bank that guarantees the same rate later \u2014 no matter how much the market moves.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This helps you plan your cash flow better, since you know exactly how much you\u2019ll receive or pay. It\u2019s one of the most common foreign exchange risk management techniques used by exporters and SaaS companies in India.<\/span><\/p>\n<h4><b>2. Currency Options<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Currency options give you the right but not the obligation to exchange currency at a pre-decided rate. Think of it as \u201cinsurance\u201d against unfavourable currency movement.<\/span><\/p>\n<p><b>Example:<\/b><span style=\"font-weight: 400;\"> You buy an option to sell $10,000 at \u20b983 in one month.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the market rate drops to \u20b981, you exercise the option and protect your value.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the rate rises to \u20b985, you simply ignore the option and benefit from the higher rate.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It\u2019s a flexible but slightly more expensive method, suitable for businesses that want protection without losing the upside of favourable movements.<\/span><\/p>\n<p>Related Read: <a href=\"https:\/\/razorpay.com\/blog\/foreign-exchange-market-india\/\">Foreign Exchange Market in India: Guide for Exporters<\/a><\/p>\n<h2><b>Why Managing Foreign Exchange Risk Is a Challenge?<\/b><\/h2>\n<h3><b>Inaccessible and Complex Systems<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Traditional banks and <a href=\"https:\/\/razorpay.com\/learn\/what-is-swift\/\">SWIFT<\/a> transfers are slow and not designed to work quickly. You\u2019re often required to fill out long forms, wait for approval, and depend on multiple intermediaries to move your money.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The lack of visibility into where your payment is or what exchange rate you\u2019ll get makes planning difficult and increases your <\/span>foreign exchange risk<span style=\"font-weight: 400;\">. Instead of focusing on clients or growth, you end up managing paperwork and waiting on approvals.<\/span><\/p>\n<h3><b>High Hidden Fees<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When you receive an international transfer, several small deductions quietly reduce your earnings \u2014 intermediary bank charges, exchange rate mark-ups, and receiving fees. A few percentage points might not sound like much, but on large or recurring invoices, these losses add up. For example, on a $10,000 payment, even a 2% hidden charge means \u20b916,000 gone instantly.<\/span><\/p>\n<h3><b>Cash Flow Delays<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">International payments rarely arrive instantly. With traditional banking routes, settlements can take anywhere between 1\u20135 working days, sometimes longer if there\u2019s a holiday, compliance check, or intermediary bank delay. Each delay adds pressure when you have local expenses like salaries, rent, or vendor payments to manage.<\/span><\/p>\n<h3><b>Lack of Control and Transparency<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Most traditional <a href=\"https:\/\/razorpay.com\/blog\/the-ultimate-guide-to-payment-systems\/\">payment systems<\/a> leave you guessing \u2014 you don\u2019t know the exact exchange rate you\u2019ll get, when your funds will arrive, or how much you\u2019ll finally receive. This lack of control means the amount you finally receive often doesn\u2019t match your invoice. It also makes it hard for you to forecast income accurately, especially if you receive frequent overseas payments.\u00a0<\/span><\/p>\n<h2><b>The Modern Way to Manage FX Risk: Razorpay<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Traditional banking makes foreign exchange slow, costly and unclear. Businesses need a faster, transparent and more controlled way to manage international payments \u2014 not more paperwork. This is where Razorpay <a href=\"https:\/\/razorpay.com\/accept-international-payments\/\">International Payments<\/a> changes the game. Built for modern Indian businesses, Razorpay simplifies how you accept and manage foreign payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With Razorpay, you can:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Receive international payments<\/b><span style=\"font-weight: 400;\"> through a single platform \u2014 no multiple bank touchpoints or manual follow-ups.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Secure your margins<\/b><span style=\"font-weight: 400;\"> with zero forex markup and live Google rates, so there are no surprises in what you finally earn.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Avoid compliance delays<\/b><span style=\"font-weight: 400;\"> with automated digital Foreign Inward Remittance Certificate (FIRC) and export documentation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Track every payment in real time<\/b><span style=\"font-weight: 400;\"> with a dashboard that shows live exchange rates, payment status and deduction breakdowns \u2014 giving you full visibility and control.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Open local accounts in 160+ countries<\/b><span style=\"font-weight: 400;\"> and save up to 75% in transfer costs, compared to traditional wire transfers.<\/span><\/li>\n<\/ul>\n<div style=\"background-color: #f5f9fc; padding: 32px 24px; border-radius: 12px; text-align: center; max-width: 720px; margin: 0 auto;\">\n<h2 style=\"color: #1a73e8; margin-bottom: 12px; font-size: 24px; font-weight: bold;\">Grow globally without banking hassles with Razorpay<\/h2>\n<p><a style=\"background-color: #1a73e8; color: #ffffff; font-weight: 600; padding: 12px 24px; border-radius: 8px; font-size: 16px; text-decoration: none; display: inline-block;\" href=\"https:\/\/razorpay.com\/?utm_source=blog&amp;utm_medium=referral&amp;utm_campaign=internationalpayments\"><em><strong>Get Started with Razorpay<\/strong><\/em><\/a><\/p>\n<\/div>\n<h2><b>FAQs<\/b><\/h2>\n<h3><b>1. What is the simplest way to reduce foreign exchange risk?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The simplest way to reduce foreign exchange risk is to invoice and receive payments in your home currency. This ensures that exchange rate fluctuations do not affect the final amount.<\/span><\/p>\n<h3><b>2. What is the difference between transaction risk and economic risk?<\/b><\/h3>\n<p><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Transaction risk affects your actual cash flow when exchange rates change between invoicing and payment. Economic risk affects your long-term competitiveness as currency shifts make your products more or less expensive in global markets.<\/span><\/p>\n<h3><b>3. How does a small business hedge against currency risk?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A small business can hedge against currency risk by using forward contracts to lock in exchange rates, currency options to limit losses, or operational strategies to reduce exposure.<\/span><\/p>\n<h3><b>4. Can I just invoice my international clients in Indian Rupees?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, you can invoice international clients in Indian Rupees if they agree. However, many foreign clients prefer paying in their local currency, so it depends on mutual agreement and convenience.<\/span><\/p>\n<h3><b>5. Does foreign exchange risk only affect large corporations?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">No, it affects <\/span><b>businesses of all sizes<\/b><span style=\"font-weight: 400;\">. Currency fluctuations can reduce your earnings, delay cash flow, and complicate financial planning \u2014 making <\/span><b>foreign exchange risk management<\/b><span style=\"font-weight: 400;\"> essential for everyone.<\/span><\/p>\n<h3><b>6. How do I calculate my foreign exchange risk exposure?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">To estimate your <\/span><b>foreign exchange risk exposure<\/b><span style=\"font-weight: 400;\">, compare the exchange rate when you issued the invoice with the rate when the payment was received.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"> For example:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoice: $5,000 at \u20b984 = \u20b94,20,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payment: $5,000 at \u20b982 = \u20b94,10,000<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Your exposure (loss) = \u20b910,000.<\/span><\/li>\n<\/ul>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is the simplest way to reduce foreign exchange risk?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"The simplest way to reduce foreign exchange risk is to invoice and receive payments in your home currency. This prevents exchange rate fluctuations from impacting the final amount you receive.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is the difference between transaction risk and economic risk?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Transaction risk impacts actual cash flow when exchange rates change between invoicing and payment. 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For example, invoicing $5,000 at \u20b984 equals \u20b94,20,000, but receiving payment at \u20b982 equals \u20b94,10,000, resulting in a loss of \u20b910,000.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Imagine this \u2014 you invoice a US client for $10,000, but by the time the payment arrives, the rupee has strengthened, and you receive less in INR. That loss due to currency fluctuations is called foreign exchange risk. Simply put, foreign exchange risk is the possibility of losing money due to changing exchange rates.\u00a0 With<\/p>\n","protected":false},"author":142,"featured_media":25688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1067],"tags":[],"class_list":{"0":"post-25090","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cross-border"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/142"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=25090"}],"version-history":[{"count":2,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25090\/revisions"}],"predecessor-version":[{"id":25095,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25090\/revisions\/25095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/25688"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=25090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=25090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=25090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}