Currency exchange for the manufacturing industry

Currency exchange for the manufacturing industry

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

Manufacturing is one of the world’s most globalised industries, as businesses undertake a chain of import and export activities that are dependent on each other. With strict deadlines to meet final production and to protect revenue, there is pressure on international payments to be made quickly and cost-effectively. 

 

We understand your challenges

A number of manufacturing businesses now either outsource all or at least part of their production overseas. This therefore means their profits are greatly influenced by the foreign exchange landscape.

Costs such as factory leasing abroad, paying overseas workers and importing materials are all subject to exchange rates and can all affect your cash flow if not managed effectively. 

For larger manufacturers who choose the UK as their production hub, a drop in the value of the pound against other major currencies could mean their product is worth significantly less worldwide. While the market can be volatile, the good news is that most of these market changes can be avoided with the right foreign exchange strategy. 

 

Account management expertise

At moneycorp, our team of experienced account managers have helped a large number of businesses within automotive, electronics and other parts of manufacturing.

With competitive rates and low fees on every transaction, we are there to cater for all your foreign exchange needs and propose tailored solutions to help protect profits and ensure that your money gets as far as it needs to.

 

How does working with moneycorp help Print Strategy Europe? 

"We benefit from working with moneycorp in a number of ways. First of all, they offer great rates and low transfer fees, especially when compared with high street banks. Our international payments account also gives us access to tools such as the forward contract and we get the benefit of the team’s expertise. We have found they are very helpful and responsive; it’s been great to have an expert resource on the end of the phone if we need some guidance or support as we expand across Europe. We are also reassured by the fact that they’re a financially secure organisation with a lot of experience in handling currency transactions – as I said, customer service is our number one priority and knowing that payments will be sent and received as promised helps us significantly and means we can continue to expand with confidence."

Read our full interview with Print Strategy Europe

What we can offer your business

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Market updates to keep you informed of the currency movements

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Easy upload functionality for mass payments

Competitive pricing giving you access to more than 13 liquidity providers

Competitive pricing giving you access to more than 13 liquidity providers

Exchange more than 120+ currencies

Exchange more than 120+ currencies

Our business client, Jamie Masterman at Bultaco shared:

Our business client, Jamie Masterman at Bultaco shared:

“We import all our products from Spain. The import business is not friendly as the pound is very changeable. This has a huge impact on trade prices. If the pound has a dip and we’re not prepared for it, it would affect our import prices and in turn, our distribution prices. That can be quite difficult for any company.” 

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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

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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