Taking back control over currency fluctuations

Taking back control over currency fluctuations

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A US based natural stone company found it difficult to predict the exchange rate when it came to paying for their imports.

The majority of their imports come from Europe and despite the varying sizes of their partner companies, all of their suppliers preferred payment in euros.

The only way the company knew how to combat the fluctuating currency market was to hold off orders and wait for a better exchange rate.

Global import solution

moneycorp introduced the stone company to forward contracts as an alternative to purchasing euros and placing them in a foreign exchange holding account. The forward contract meant that the company could lock in an exchange rate for up to two years ahead for only 10% of the amount hedged on deposit.

By using a forward contract, the stone company was able to pay using an online payment system and ensured they could make orders as and when the business needed to.

Why use moneycorp?

120+ currencies available

120+ currencies available

24/7 access

24/7 access

The ability to set up regular payments and target rates

The ability to set up regular payments and target rates

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Daily Market Update

Providing highlights of key market movements, our daily email is a must for those who want to be kept informed on the latest foreign exchange market movements. 

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Weekly Market Update

Providing highlights of key market movements, our weekly roundup email is a must for those who want to be kept informed on the latest foreign exchange market movements. 

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