International currency transfers can be easy and stress-free if your business has a plan and partners with a currency specialist right from the beginning. Whether you are a small business owner or a large business, if international currency transfers are an essential part of your operations, then a currency specialist will prove to be a valuable asset. From securing competitive exchange rates and providing risk management, a currency transfer firm such as Universal Partners FX will provide much-needed support and guidance.

Get more for your hard-earned money

One of the easiest ways to give your business a boost is by taking advantage of competitive exchange rates and securing the best possible return for your international currency transfers. If you plan ahead and lock a desired exchange rate for a future transfer or benefit from a current exchange rate, you will be able to save money and invest your funds in other assets or in developing your business further. This is the case when you send large amounts of money regularly overseas.

UPFX can help you access the best possible exchange rates available with no hidden fees or extra costs.

Know the markets

The markets are constantly changing and for this reason you want a stable and reliable currency transfer company to act efficiently and provide the best exchange rates, as these can change drastically from one moment to the next and from one day to another. One of the valuable and beneficial services UPFX provides, is its news articles on currency movements and how economic data may affect the pound or other major currencies. These regular updates are useful as they can provide a good picture of how the markets are and what could potentially influence them.

Online platform

With UPFX’s online platform, you can trade from anywhere and at any time, through your computer or mobile device. Currency transfers have never been this easy. In a fast world, where convenience is paramount, we have tried to cater to all our customers and provide services that make a difference and save you time and money. If you are regularly transferring funds for your business this is a perfect way to do so.

Security of funds

When we transfer your funds, we pay the utmost attention and provide fast and secure transfers. As a regulated firm we adhere to specific rules and regulations. We always protect your funds by operating segregated accounts.

Dedicated team of experts

We are always on hand to offer help and guide your through the process of transferring your funds. If you’re not sure about how to tackle your business’ payments, our currency experts will discuss with you and review your business’ needs and requirements, explain which currency transfer options would best suit your company and deliver tailored solutions and payment plans. They can also help identify areas where you could streamline processes and manage risks more efficiently.

Trading internationally? Save money with Universal Partners FX

If you are making international money transfers, you will need a cost-effective and secure way to do so. Universal Partners FX is the right partner for your foreign exchange. With UPFX, you can open a multi-currency account, send and receive money worldwide with low and transparent fees. You can also manage your money and send international payments 24/7 through UPFX’s easy-to-use online platform powered by Currency Cloud.

If you are an exporter or plan to start your international business, get in touch now with Universal Partners FX to find out how much you can save in your international money transfers.

As a business transferring funds abroad, you might have heard of currency hedging, or you might have even used it without realising it. If your business makes regular transfers overseas, hedging your risk is paramount. No matter what currency pair you need to trade in, exchange rates will potentially impact your bottom line. This is why, using hedging as a strategy to reduce risk is important, even when you might not benefit from it. The way to see hedging is as an insurance measure: if something goes really bad, then you will definitely protect your funds and your business.

Currency hedging

Put simply, hedging refers to currency strategies and ways to protect your funds from future currency movements. It involves entering a financial contract to limit the impact of foreign exchange risk on your international money transfers. Currency hedging is used by financial investors and businesses to reduce currency risks when conducting business internationally.

If you have an international business and want to safeguard your funds, then currency hedging is essential. In currency hedging, you can choose the type of contract that suits your needs and requirements so that you protect yourself from losing out if there are unexpected changes in currencies that will affect you. For example, businesses commonly use a Forward Contract, which locks in an exchange rate for a predetermined amount that can be used in the future, usually up to 12 months. Businesses very often have specific currency transactions they want to perform at a specified time and set intervals. By purchasing and booking a type of contract that will achieve their set goals and protect from unnecessary risks, they manage to reduce to a great extent their exposure to currency movements that might hurt their funds.  

While hedging can be complicated as there are various mechanisms to choose from when considering a hedging strategy, usually it is wise to understand and analyse potential foreign exposure and proceed to evaluate the relevant goals and actions needed to mitigate against that risk.

Why your business needs it?

Hedging is best suited to a business that deals with regular international payments and buys goods or services on an ongoing basis. If your business does not have such requirements and instead you want to send funds internationally whenever it is needed, then it will be more beneficial to have the freedom to take advantage of currency volatility and send your funds whenever the opportunity arises. If you commit yourself to a forward contract, then you might be missing beneficial market movements. So, currency hedging is ideal for businesses that depend on regular currency transfers and thus need to protect their liquidity.

If you are considering hedging, it is best to make sure that all goods or services’ orders are final and are going to be delivered, so you can confidently proceed to hedge based on those numbers. Unless you are sure, it is best to avoid committing to a contract based on estimates and uncertainty as this could leave you with a loss if your contract fails to go ahead. At the same time, you will also need to be aware, that even if you have taken the necessary measures and chosen to use a Forward Contract, it is possible that market volatility does not go against you, but since you have committed to the contract you need to remain faithful to it and complete it. For this reason, you have the choice to take advantage of both future and spot contracts and create a combination of hedging where you can still reduce the risk of any unexpected movements.

Currency hedging is also important when your business deals with countries where political or other events might amplify currency volatility. If you are trading with a currency that could be subject to extreme swings, then you need to make sure you are protected.

Managing currency risk is a specialised area. Universal Partners FX can help you develop the right hedging strategy and stay protected ahead of volatility.

Trading internationally? Save money with Universal Partners FX

If you are making international money transfers, you will need a cost-effective and secure way to do so. Universal Partners FX is the right partner for your foreign exchange. With UPFX, you can open a multi-currency account, send and receive money worldwide with low and transparent fees. You can also manage your money and send international payments 24/7 through UPFX’s easy-to-use online platform powered by Currency Cloud.

If you are an exporter or plan to start your international business, get in touch now with Universal Partners FX to find out how much you can save in your international money transfers.

If you are a business that needs to pay your employees and suppliers abroad or convert income from overseas, you must have used the services of a bank or a currency specialist to do so. Using a currency specialist such as Universal Partners FX comes with certain benefits that your everyday banking institution cannot possibly deliver. From saving you money in unnecessary fees as well as securing a competitive exchange rate, UPFX’s dedicated team can relieve you of the burden of worrying about the exchange rate eating into your finances. A currency specialist will always provide a more thorough service than any bank can, and the overall winner is the client - getting better rates and more in depth insights.

If you want to make the right decisions and get the very best value when operating in the currency market, here are a few tips to consider.

Plan Ahead

Many businesses make the mistake of dealing with their foreign payments on a day-by-day basis. This opens you up to a huge amount of currency risk as the rate can fluctuate wildly from one to day to the next. At Universal Partners FX, we always help clients plan ahead by assessing their currency risk for the next 12 or even 24 months against the current rates. A strategy like this devised by an expert who will monitor the market can start saving thousands after just a few months.

Ignore Rates (at least initially)

This might sound illogical, but rates are not the most important thing when devising a strategy for your business to get the best value on foreign exchange. Choosing a provider based on their lower rates may yield dividends initially, but what happens when rates move? Like anything, price doesn't tell the whole story. Look out for the array of services that enable you to be flexible when the inevitable movements occur in the market. A spot contract can help you secure an excellent exchange rate at the moment you want to make an instant transfer, but you can budget effectively and protect your business from unexpected market volatility by fixing an exchange rate in advance with a forward contract. UPFX also offers stop loss and limit orders when you want to target a specific exchange rate. A limit order enables you to make a transfer at your desired and predetermined rate when the market reaches that level. A stop loss order is also perfect when you want to protect your funds against an unexpected currency drop by setting a predetermined worst-case rate. These are off-the-shelf products, but every business is different so we always tailor our strategies to suit the needs of each client individually.

Define Your Risk Appetite

As well as limiting risk, our services can also do much more than that. For businesses that have a higher risk appetite, our currency hedging solutions can enable businesses to profit from positive market fluctuations. Of course, this comes at a risk - but if you are in a saturated market where competitive advantage is everything, these strategies can not only protect your business, but also provide extra value that you can pass on to your customers. So before you embark on any strategy, it is important for you or your foreign payment provider to consider what risk level is appropriate for your business to cope with. 

 

If your business requires currency services to boost your bottom-line profits, UPFX’s dedicated customer support team or your personal account manager will explain everything you need to know about making foreign transfers effectively. You can also use our simple and user-friendly online platform to transfer your funds in a fast, secure and affordable way. Get in touch now with Universal Partners FX and find out how you can get the best possible value from the currency market.