Sudden shifts in exchange rates make it difficult for businesses trading overseas to plan financially, impacting your profitability.
The ChamberCustoms and moneycorp partnership creates an unparalleled opportunity for businesses that import and export, streamlining their global trade journey from start to finish.
With expert guidance, industry knowledge, and specialist tools, moneycorp enables UK businesses to capitalise on global opportunities and thrive on the international stage.
£43.7bn traded in 120+ currencies in 2020
2 banking licences
1M+ payments to 192 countries in 2020
18+ liquidity providers giving you access to competitive pricing
Discover a range of international payments tools expertly designed to identify areas of risk exposure and protect businesses against potential losses when trading globally, including:
A Forward Contract allows you to buy currency on an agreed future date at a fixed exchange rate to be used for future purposes. This may require a deposit and can lock in a rate for up to two years*.
This is an agreement between you and your FX provider to exchange money and buy foreign currency at the present exchange rate and can be used for imminent payments.
If you need a particular exchange rate but have no urgency to purchase straight away, the two types of Market Orders - a limit order and a stop loss order - could help.
The most basic option offers the right - but not the obligation - to exchange currency at a known rate for a known date in the future**.