IMPORTING GOODS AND SERVICES
Does your business need to regularly make overseas money transfers, such as to pay for imports? The currency exchange rate being offered could prevent getting the best return on your money.
With information such as your annual FX volume, currencies you’re trading and frequency of payments, your RationalFX account manager will make money saving recommendations and help you devise a strategy.
Protect your business from potential market risks by choosing options other than repeated Spot Transactions. A Forward Contract lets you fix an exchange rate for up to two years, reducing exposure to market fluctuation and exchange rate changes. A Limit Order allows fast reaction when the particular rate you want to have – or avoid – arises
EXPORTING GOODS AND SERVICES
The slightest movement in exchange rate can affect your business significantly. Invoicing for exports in foreign currency and converting revenue into domestic currency can make all the difference in profits.
We can help minimise risk and protect your cash flow, whichever countries your company exports to. A Forward Contract enables you to know exact invoice values over the next two years.
Global payrolls can be time-consuming and expensive to manage. As well as ensuring payments are made on time to multiple geographical locations in different currencies, you need to deal with the uncertainty of currency rates and potential risk.
At RationalFX, we transfer salaries with low fees and excellent exchange rates. Our currency hedging strategies help reduce foreign exchange risk – and minimise staff exposure to market fluctuations. Employees can be paid in their home currency without being affected by high conversion costs and transfer fees, such as those charged by banks. Our Regular Payments service ensures that salaries are always made on time.
Arranging a Forward Contract means your business can secure an agreed exchange rate for up to two years ahead. This protects your bottom line but still allows you to benefit from any favourable movements in the market.
Categories: Financial services & banking