Currency exchange for the Fitness Industry

Currency exchange for the Fitness Industry

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Save time and money on foreign exchange and global payments within the fitness industry

Enforced lockdown across the world transformed the nascent virtual fitness industry with consumers, unable to visit the gym, finding ways to exercise at home.

The boom in virtual fitness has created a global community, and this has led to new international opportunities for everything including virtual classes, boutique classes and smart devices for personal training and measuring fitness progress. With these new opportunities, there is an increasing need for fitness companies to protect their profits and mitigate their foreign exchange risk.

 

How foreign exchange can affect the fitness industry

The move from the physical space of the gym to virtual services has meant that the fitness industry is global. While virtual services offer opportunity for overseas revenue streams, this also increases the need for FX services to exchange currencies.

Whether it’s paying trainers overseas for local language classes on a platform or receiving subscription fees from abroad, these transfers can incur significant costs if a poor exchange rate is agreed. If the costs are transferred to the customer, this could limit the opportunity however costly transfer fees from banks and FX providers can damage your profits. By working with a specialist and planning all your foreign exchange exposure and budgets well in advance, you can help to protect your margins.

 

How we can help your business save money

Fitness companies are able to rely on a valuable and cost-effective service with a moneycorp business account. With 24/7 access to your online currency account, you are able to process and manage the range of payments that you may need to make.

Every business is assigned an account manager who understands the ins and outs of your sector and will guide you through currency volatility to ensure you are offered a solution tailored to your business needs.

Our global payment solutions allow you to make bulk payments for any business costs or staff salaries in over 120 different currencies to over 190 countries. You can also use a range of FX tools, including a forward contract, stop loss or limit order and spot trade contract.

What we can offer your business

Market updates to keep you informed of the currency movements

Market updates to keep you informed of the currency movements

Easy upload functionality for mass payments

Easy upload functionality for mass payments

Competitive pricing giving you access to more than 18 liquidity providers

Competitive pricing giving you access to more than 18 liquidity providers

Exchange more than 120+ currencies

Exchange more than 120+ currencies

Our foreign exchange solutions for your business

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.

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Foreign exchange solutions

Foreign exchange solutions

Our team will work with you to identify your individual requirements and be able to suggest products including Spot Contracts, Market Orders, Forward Contracts to meet your foreign exchange needs.

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Risk management

Risk management

Protect your business from foreign exchange market volatility, forecast cash flows and minimise risk with our range of hedging tools. 

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Payment solutions

Payment solutions

We provide payment solutions for businesses with local or international requirements, who are looking to simplify the process and cut on-going costs. 

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