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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.
£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
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:
Forward Contract
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*.
Spot Contract
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.
FX Orders
If you need a particular exchange rate but have no urgency to purchase straight away, an FX order could help you secure a better deal.
FX Options
Designed for foreign exchange rate management, options can be created as a bespoke solution for your business and its payment needs.**