Navigating currency volatility U.S. based Identity Digital was established
in 2010 to expand and connect the online world through top level domains (TLDs). The company currently owns and manages 275 TLDs including .IO, .live, and .info.

A key revenue stream for Identity Digital comes from a multi-year contract with the Australian Government to manage the .AU domain. This contract is paid in Australian dollars, exposing the company’s margins to currency fluctuation. In addition, Identity Digital maintains a large office and associated operating expense in Canada, with bi-monthly CAD purchases to fund that operation.
“Previously we exchanged AUD and CAD on the spot market, which meant we were exposed to fluctuating exchange rates throughout the year,” explains Donald McClure, Chief Financial Officer, Identity Digital. “We’d see movements in our financials that were unrelated to our operating performance. It was frustrating to have variances versus budget driven by FX volatility.”