Currency Exposure Management
Many companies simply instruct their banks to pay overseas invoices or convert overseas receivables on their behalf when the payment is required or received. This could be costing the business thousands of pounds. There are two main reasons for this:
Your bank will probably give you a poor exchange rate
You are exposed to exchange rate fluctuations between agreeing the purchase/sale and making/receiving payment
Why use World First?
World First will help you save money by giving you:
Unbeatable exchange rates for your currency transfer. We offer a best exchange rate Guarantee (
more info). Savings can be up to 3% of the amount being transferred.
The ability to "hedge" your currency exposure by fixing the exchange rate up to a year before payment is required.
World First offers new clients a free FX exposure audit which will quantify:
The monthly/yearly value of your foreign exchange transactions.
The financial risk to your business from your currency exposure.
The potential savings by using World First.
After calculating the above we will be able to make recommendations on how you can reduce and manage your currency risk.
