We are increasingly dealing with offices that have no foreign currency exposure except for payments to a head office in another part of the world.
These can be ad-hoc payments made as and when head office requests them or on a more structured basis.
For the more structured payments, a set monthly payment, a forward contract could be put in place at a time when the rate is favourable.
Something this simple could save hundreds or even thousands in exchange rates.
With the fluctuations in currency rates, this not only helps with budgeting but also offers peace of mind.
If your company is sending payments we can save you money, feel free to contact us to discuss your requirements.
Or apply for an account here