If your business exports or imports goods or services, you need to consider how you will protect yourself against changes in the exchange rate. A tiny variation in the rate could cost your business thousands of dollars.
Our range of product and services can help to minimise your foreign exchange risk. One way to hedge against exchange rate movements is to buy a currency option. This is a more flexible form of hedging than setting up a forward foreign exchange contract.
Currency options give you the right, but not the obligation, to buy a certain amount of currency at a specific exchange rate on or before a specified date. But unlike a forward foreign exchange contract, you're not obliged to buy the currency at the end of the period. To enjoy this flexibility you'll have to pay a premium. The exact amount will depend on the amount of currency involved and the length of the option.
Currencies Direct options suit businesses that:
Currencies Direct options can also provide flexibility in managing exposures, enabling you to:
Currencies Direct has been working closely with corporate clients for over 10 years and as a result our team of currency specialists really do understand the issues faced by businesses involved in international trade. To arrange your vanilla option simply call one of our team specialists who will tailor make the option to suit your business needs.
We will arrange a 30 minute consultation at your office to understan your unique requirements. Our business managers have real pratical knowledge and experience that can help you. Even small companies have save thousands of pounds on bottom line improvment by selecting Currencies Direct as their foreign exchange and payment specialist.
Our simple registration process will get you up and trading before you know it.
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