Why use a Currency Broker for your Business
It’s likely that you’ve already used our Currency transfer services for your own personal use.
Maybe you bought, or sold, a property overseas, or you need to regularly transfer money to pay for bills abroad. Some of our clients just use us to occasionally transfer their wages.
However, few are aware that we have busy section to our business that deals entirely with business transfers.
Why use a currency broker, rather than your business bank, to make transfers overseas?
They are all the same reasons that you used us in the first place!
- We offer better exchange rates
- We transfer to most countries for FREE
- We are currency exchange professionals.
Currency exchange is all we do, so we are well positioned to aid your business. We don’t just save you money on costs. We help you to make money by aiding you to manage your business risk better.
How do we help you to manage your business risk when trading overseas?
Fluctuations in local currency can have an impact on your profit. If unfavourable changes in currency levels occur between your decision to commit to a contract, and when you have to pay for it, then your business will lose margin.
There’s a simple remedy. Buy a time option forward currency contract and fix the rates for a reasonable period. This could be for the duration between your tender acceptance and the moment when you may have to pay for goods or services. Your profit margin is then fixed and you can go about your business… what you do best.
We can also help by micro-managing the currency purchases that you make. We don’t charge for this service, it’s what we do all of the time for clients! We can then alert you when the rate has come close, or achieved, to what you desire.
Payroll services for staff overseas.
We have many business clients who now ask us to make the payroll transfers for staff overseas, each month. Some are happy to simply make the payment on a particular date each month, but most prefer us to keep an eye on the rate for them with a one-week window at the end of the month. We then contact our clients as soon as the rate seems to have peaked, so that they can take advantage of the best rates available. This isn’t something a bank offers.
In addition to Free currency transfers, we offer:
- Better exchange rates than the banks
- A dedicated currency dealer
- A Rate Watch service
If you are already using us for your currency exchange, consider how much we could help your business to retain profits in these difficult times.
Please contact your local currency dealer at GCEN here to discuss our business services further.
