Cookies on our web site

worldfirst.com uses cookies to help provide you with the best possible online experience. They are stored locally on your computer or mobile device. Please see our Privacy Policy for more details. To accept cookies continue browsing as normal.

Start Up Britain

If you’re setting up a business in Britain involved in importing or exporting, it’s likely that at some stage you will have to deal with foreign currency. We've produced two special guides for Start Up Britain.

Guide to foreign exchange for importers

Guide to foreign exchange for exporters

We're also offering a free advice line. Contact us today.

A little bit about the currency markets

The currency market is the largest financial market in the world, trading more than $4trn around the globe every day. A third of this is traded in London. Thousands of factors affect each individual currency and its exchange rate, ranging from British politics, to American retail sales and the price of oil. 

The main players are the banks, who trade the vast majority of the $4trn every day at the “interbank rate” - literally a rate between the banks. There are risks to dealing in the world’s financial markets and it can be tough trying to navigate them without specialist help. There are two main things you need to focus on:

Getting the best exchange rate - i.e. the rate closest to the “interbank rate” mentioned above

• Making sure you are not exposed to currency fluctuations - i.e. you won’t lose out if the exchange rate moves.

*This offer is subject to a fair use policy of 50 free payments within a year. Minimum foreign exchange transaction size is £250 (normally £1,000).

Contact us

freephone:

0800 221 8805

international:

+44 20 7326 9124

or request a

call back

Foreign Exchange