Foreign Exchange Solutions for Businesses

 

FX Solutions

Our connected FX Partner’s have dedicated dealers who will work with you to identify your individual requirements, such as transaction size, frequency, duration and the desired outcome.

After this initial step, you will be connected with their account manager who is authorised to provide the chosen products and is able to offer ongoing market guidance.

 
 

  • If you are looking to purchase currency and make a payment imminently, then a Spot Contract can be the solution for you.

    Once the payment is made, you or your sender will have receipt of funds either on the same day or within two working days.

  • If you know that you have upcoming foreign exchange requirements but may not need to purchase straight away, and are looking to target a particular rate which isn’t currently available, Market Orders could be the solution for you.

    There’s two types of Market Orders – a Limit Order and a Stop Loss Order. Please ask to find out what is best for you.

  • A Forward Contract may be suitable when you know you have upcoming foreign exchange requirements over a period of time, and are looking to protect your business against currency fluctuations.

    Forward Contracts with Moneycorp allow businesses to lock in prevailing exchange rates for up to 3 years, which may be of interest to clients looking to fix their known commercial foreign exchange exposures in the future.

    The main benefit of a Forward Contract is being able to protect your business against adverse currency movements and knowing how much currency you will receive/payover a set period of time – useful for businesses that aren’t looking to take risks, and are looking for a safety net to help them budget and manage currency volatility.

  • What’s your business payments strategy?

    We are here to help you ‘health check’ your business’ payments position to optimise routes and costs.

    The current economic environment is tough and it makes sense to check what you can save for items such as international supplier payments.

 
 

Our FX Partners can provide a range of payments solutions such as:

  • Payment Gateways

    provide same-day priority payment services. In 2016 alone, we processed over 500,000 payments to 188 countries using our Payment Gateways.

  • SEPA

    allows you to make payments in Euros with next day delivery within the Single European Payments Area. This is an ideal solution for businesses looking for a cheaper solution while dealing with a higher number of transactions in Europe.

  • Faster Payments

    is a solution for clients looking for UK based priority payments with a maximum transfer time of two hours, sending a payment of £250,000 or less.

  • BACS Payments

    is a solution for multi-sized businesses who are looking to make regular, GBP payments cheaper with a transfer time of three working days.

  • ACH Payments

    allow businesses to utilise country-local channels to send payments across the globe, receiving cheaper rates and reducing ‘payment clipping’ by the beneficiary’s local bank, making sure the recipient receives the full amount sent.

Contact

FX Health Assessment

 

Does your business operate internationally, importing or exporting globally?

If so, then it could be exposed to the risk of currency fluctuations. The measure of risk depends on the currencies paid and received, the size of your business tied to international markets, and your future plans for growth.

 

Why should you assess your FX risk?

A free currency audit from an expert FX company allows you to understand your current FX risk and assess your potential future exposure.

The FX risk report includes an overview of currency fluctuations against the pound for markets relevant to your business, estimated costs and potential savings for future international payments.

Find out what you could have saved

Using historical transaction data from your business over a 3, 6 or 12 month period, our expert FX Partner will use the data to provide accurate information on the available exchange rate on the relevant currency for each payment.

Blue Square offer a ‘referred service’ for all FX services to a UK Overseas company. FX services are not covered by Isle of Man Financial Services Act. Any UK company referred to will be regulated by the UK Financial Conduct Authority in respect to it’s business undertaken.