We offer a range of online solutions that allow you to make overseas business payments in more than 120 different currencies.
How to retain profits and reduce exposure and risk?
Our experts help you to reduce your exposure to unwanted exchange rate movements with our foreign exchange solutions, helping to keep your profits protected.
Fluctuations in foreign exchange rates can affect a company’s sales margin, and such fluctuations can, in the worst-case scenario, significantly reduce a company’s operating profits.
You can reduce your risk and protect your profits from exchange rate movements with the help of our hedging tools, which can be used ahead of time to eliminate the downside risk.
Our clients have the option of trading 34 currencies via our online platform, in addition to 120 different currencies that can be traded in over the phone.
Whilst banks charge you a fee to open an account to hold currencies, we do not. Our transfer fees for businesses are small, and we utilise our panel of liquidity providers to offer you competitive market rates, whereas banks, on the other hand, are restricted to offering only their own rate.
Open an account with no annual fees and enjoy a range of FX solutions, tailored to your specific needs with the help of our dedicated team.
Moneycorp's FX solutions
We offer a range of foreign exchange solutions that enable you to purchase currencies in a low-risk, cost-effective manner.
This is an agreement between you and your FX provider to buy currency at the present exchange rate and can be used for imminent FX payments. The advantage of using contracts is that they allow you to secure the current exchange rate and make the payment, as opposed to setting exchange rate targets that may not be met.
Currency forward contracts enable both parties to secure the exchange rate of the future transaction, thus helping eliminate downside risk. This allows companies to manage and budget their cash flow without worrying about FX volatility*.
If you need a particular exchange rate but have no urgency to purchase straight away, an FX order could help you secure a better deal. You can either use limit orders to buy currency at a better value than the current exchange rate, or you can use stop loss orders to limit your exposure to the currency markets.**
Designed for foreign exchange rate management, options can be created as a bespoke solution for your business and its payment needs. This corporate FX solution suits those who are looking to exchange large amounts of money – especially when volatile currencies are involved, or in the midst of unpredictable trading conditions.
Our foreign exchange solutions for your business
To find out more about our foreign exchange and global payment solutions for businesses, you can view our brochure.