Import and Exports
International Payments for Imports and Exports
Import and export businesses that make regular international payments not only face the inconvenience of executing them manually; their finances are exposed to the impact of exchange rates, which are constantly in flux. This leaves the cost of these international payments and bank to bank transfers at the mercy of unpredictable shifts in the value of one currency against another, which may not have the most cost-effective outcome for businesses
Creating a currency strategy that combines convenience and cost-effectiveness
Our corporate currency specialists can take the financial stress out of sending money overseas for our clients. We can provide a range of foreign exchange tools and solutions for international payments for importers and exporters that help businesses to make the most of every money transfer.
How we helped a UK manufacturer save time and money when importing raw materials
A UK car manufacturer imports raw materials for the production process, before exporting the finished product overseas. Each month they need to pay their US supplier. Unfortunately, the cost of doing so fluctuates, not only depending on the size of the order, but the value of the pound against the dollar when they execute each international payment. The client wants to make their international payments more efficient and cost-effective.
Our team helped them establish a currency strategy using a Forward Contract product to fix a favourable exchange rate for twelve months
Their personal and dedicated corporate currency specialist monitored the FX market for the client, and contacted them when it hit a favourable exchange rate for their payments, which the client then went on to book.
Thanks to our team’s market knowledge, the client was able to obtain the best possible exchange rate when receiving payments for their exported products. As a result of implementing the Forward Contract, any exchange rate fluctuations won’t affect the cost of supplier payments. This means that the client can forecast future payments for a year in advance, removing the element of risk from their international payments.
get started or find out more
RationalFX have helped over 5,000 businesses to manage their international payments and mitigate their currency risk exposure. We ensure your funds arrive where they need to be on time whilst maximising profitability.
Interested in working with us? Speak to one of our corporate currency specialists on +44 (0) 20 7220 8182, open an account or request a quote and one of our team will be in contact with you shortly.
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