# Global businesses face a growing 'volatility gap' as payment innovation outpaces currency risk management

- Link: https://www.thailand-business-news.com/pr-news/global-businesses-face-a-growing-volatility-gap-as-payment-innovation-outpaces-currency-risk-management
- Published: 2026-09-17T15:00:00+07:00
- Author: PR Newswire

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_New Convera report finds advances in payment speed, transparency and cost are exposing
a persistent gap in how businesses manage FX volatility_

SEATTLE and LONDON, Sept. 17, 2026 /PRNewswire/ — Convera, a global leader in commercial
payments, today launched a new global report warning that global businesses are 
facing a growing "volatility gap": the widening distance between how efficiently
money moves across borders and how effectively companies manage the impact of currency
movements on margins, forecasts and cash flow.

The report, [_The Volatility Gap: Why Payments Innovation Doesn’t Solve Currency Risk_](https://convera.com/lp/the-volatility-gap/),
finds that despite a decade of progress in cross-border payments, including real-
time settlement rails, stablecoins and the rollout of the ISO 20022 messaging standard,
currency risk has been left largely unaddressed. Global foreign-exchange turnover
reached $9.5 trillion a day in April 2025, up 27% from 2022, according to the Bank
for International Settlements, as businesses increased their use of FX markets to
manage exposure amid heightened volatility.

**The bigger picture for businesses**

 ◦ 44% of importers and exporters report that currency movements have eroded their
   profit margins, with global conflict overtaking tariffs, inflation and interest
   rates as their top economic concern, according to Bibby Financial Services’ 2026
   International Trade Report.
 ◦ Up to 75% of payments on the Swift network now reach the beneficiary’s bank within
   10 minutes, but a real-time payment is still priced at whatever rate applies 
   at the moment it’s sent, leaving businesses exposed to rate movements between
   one payment cycle and the next.
 ◦ Stablecoin market capitalisation surged past $300 billion in 2026, but stablecoins
   settle payments faster without changing the underlying value relationship between
   the currencies involved.
 ◦ The B2B cross-border payments market is projected to reach $51.2 trillion by 
   2033, according to FXC Intelligence, a scale that will multiply the number of
   currency corridors businesses must manage as they diversify into new markets.

**A shift from payments efficiency to currency resilience**

Convera’s report argues that closing the volatility gap requires businesses to move
beyond payment efficiency alone and treat payments, FX and risk management as one
integrated discipline. In practice, this means matching the timing of hedging strategies
to actual payment dates, building a currency risk framework suited to a business’s
specific exposure, and embedding FX decisions directly into everyday payment workflows
rather than treating them as an afterthought.

"A faster payment is not necessarily a safer commercial outcome. A business can 
move money in seconds and still lose margin because the currency exposure was unmanaged
for weeks or months beforehand. Businesses have made huge progress modernising payment
infrastructure, but many are still managing currency exposure as an afterthought.
That leaves margins, forecasts and growth plans exposed at exactly the moment finance
leaders need more certainty," said Patrick Gauthier, Group CEO at Convera.

The report is designed for CFOs, treasurers and senior finance leaders at businesses
operating internationally, particularly those expanding into new markets, managing
recurring supplier or customer payments, or seeking greater visibility over margins
and cash flow. It is available now at [https://convera.com/lp/the-volatility-gap/](https://convera.com/lp/the-volatility-gap/)

**Additional Resources**

Learn how Convera makes smart money moves at convera.com.

Follow Convera on [LinkedIn ](https://www.linkedin.com/company/converaholdings/)
and [Instagram](https://www.instagram.com/exploreconvera/).

Read Convera’s [blog](https://convera.com/blog/) for the latest market insights 
and FX news.

**About Convera**

Convera is a global leader in business-to-business cross-border payments and FX 
solutions. With an unrivalled regulatory footprint and a financial network spanning
more than 140 currencies and 200 countries and territories, Convera is reimagining
the future of business payments. We combine tech-led payment solutions with deep
expertise in foreign exchange, risk management, and compliance. From small businesses
to CFOs and treasurers, we’re helping our customers grow with confidence. Convera
makes business payments simple, smart, and secure.

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  |  This article was produced by Cision PR Newswire, our trusted news partner. The views expressed and the content presented here are solely those of the author and may not fully reflect the opinions of Thailand Business News. |

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