Understanding the currency exposure of your business is the first step towards mitigating any risk and protecting your company from movements in the FX market.
Fluctuations in exchange rates have an impact on the cost of international payments, and with different providers offering different rates of exchange, even a fraction of a percentage point can make a big difference.
120+ currencies available to exchange
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Market updates to keep you informed of currency movements
With moneycorp, you can identify the functions of your business that may leave you vulnerable to the currency market. Discover foreign exchange tools that may protect your operations and profits, including the following:
A forward allows you to buy currency on an agreed future date at a fixed exchange rate for future requirements. 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**.