FX-foreignexchange have a small team of specialist currency dealers, together with a support team, who cater for larger business clients such as trust fund companies, larger conglomerates with separate businesses in different financial zones around the world.
Often, these businesses have a long term arrangement to make regular money transfers. The individuals involved have other tasks to perform within the operation so they regularly go down the line of least resistance. They use their banks! Clearly, if you are a good customer, the bank will offer you a favourable rate but rarely will a bank offer the level of personal service that fx-foreignexchange can offer.
We were recently introduced to a Finance Director who had the task of transferring in the region of 1.4M Euros every month to his European counterparts. He had negotiated the costs with his bank and rang them to negotiate the rate each time he needed to make the transfer, so he felt that he had got the best deal for his business.
We were happy to demonstrate over 3 months that he had saved in the region of 20,000 pounds with a combination of spot rate buying, forward buying and stop-loss orders.
Of course, he didn´t have time to keep an eye on the rates. And, he certainly didn´t get a call from his account manager at the bank every time the rate was favourable. He didn´t even get a daily FX rate update on his email from his bank. He DID get all of that from us.
It retained company profits and made his job easier. If you would like an informal discussion on how we can help your business to retain more profit when dealing overseas, please call us and ask for David Osborne.
Our UK number is : 0044(0)1480 458400, or just go to CONTACT US.
For more information, please visit fx-foreignexchange.com