Companies the world over are becoming more international in their operations, with customers, staff and suppliers spread ever more widely across the globe.
This means that foreign exchange transactions are becoming an increasingly more important part of every day life for companies.
However most firms do not get the best FX rates or service available in the market. This can be for many reasons: being too busy to focus on it, not having enough knowledge of the market, not being aware of the spreads/margins that are being applied to FX transactions or not being aware of the range of solutions available.
This means that a huge number of companies are paying too much for their foreign exchange, sometimes to the tune of millions of dollars.
With the global foreign exchange market worth in excess of $5 trillion a day, there is a lot of money to be made by the key FX market providers and a lot to be saved by the companies whom these providers serve.
Since Brexit and the global pandemic the ability to import and export efficiently has never been more important that it is now. betterFX can give you free export advice (and import advice) where foreign currencies or international payments are involved, helping you avoid the many pitfalls and the hidden costs.
