Businesses need to send money overseas for all manner of reasons, from paying overseas vendors and suppliers to managing their company's foreign exchange risk. Whatever your business Forex requirements it’s important to know that you are getting a good deal and the right advice.
An area where currency brokers can help is with the deployment of risk management strategies and tools. Brokers are able to offer international money transfer services which many banks don’t provide, like forward contracts and order types. The way you chose to manage your transfer may depend on how much you’re moving and where you’re sending the money to, but a currency broker will be able to assess your situation and ensure you come up with the best solution.
If you’ve got a foreign currency exchange requirement coming up and want to employ risk management strategies to keep your funds secure, you may want to get in touch with a currency broker and discuss the options available to you.
Our BER partner brokers provide businesses advanced techniques to help manage their Forex risk and exposure:
Read more about scenarios where the above techniques could come in handy for your business FX.
BER compares exchange rates from banks and FX specialists.
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.