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Business Currency – Your TFG Guide for Foreign Exchange
Trade Finance Global are experts in foreign currency for business, with a wealth of useful information on currency products, international money transfer and expert traders to help you manage currency risk and trade abroad in all major currencies.
Popular FX Products
Spot Contracts – If you’re looking for a simple, immediate, ‘buy now, pay now’ currency solution.
Forwards – If you’re looking to buy currency at an agreed exchange rate at a future date.
FX Options – A right, but not an obligation, to purchase or sell currency at an agreed rate.
Currency Risk – Protect your business from volatile FX movements and exchange rate swings.
Get in touch with our business currency experts
An A to Z of Business Currency
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Currency for Businesses – Useful Guides
Due to China’s weakening economy, relative Yuan overvaluation, strength of the American Dollar, and trade-war with the USA, the Yuan is likely to depreciate against the Greenback in the near-to-medium term.
The Euro-Atlantic Trade War & Global Supply Chains
The risks of a full-on trade war between the US and EU are increasing. Since the international system of trade finance is shaped by new challenges and opportunities, global supply chains will be disrupted and the international order will be revised.
What’s happening in FX Markets?
We spoke to Sean Doherty, FX expert at RationalFX about FX markets in May 2018. For a second successive month the US dollar has been the currency of choice for investors. Sterling remains unloved but the euro is now also being questioned by investors. It is not diﬃcult to find analysts who believe the pound is undervalued, some say by as much as 20%. However, the political risks at the moment are more obvious in Britain (Brexit paralysis) and the euro zone (ungovernent in Italy) than they are in the United States (Trumpian caprice).
What are the most popular currency pairs?
With over $5.4tn traded every single day on the currency markets, Trade Finance Global look into the most popular currency pairs for those doing business overseas. Mitigating currency risk should be a consideration for any business trading overseas on terms whereby exchange rates can fluctuate between the time of paying and receiving payment in different currencies.
Frequently Asked Questions
Who are Trade Finance Global’s Currency Team?
The Trade Finance Global team are experts in trade finance, helping businesses trade domestically and overseas. Currency solutions for businesses are vital to protect margin and revenue for any business, especially during times of foreign exchange volatility.
With simple planning, talking to experts, and implementing strategies which can help protect your business, maximise returns when trading in different currencies and reduce the risk, Trade Finance Global is the only multi-product solution for trading overseas.
Why is currency hedging important?
Recent events around trade wars and referendums have driven volatility in major FX markets. As a result, the volatility of currencies has increased significantly and is now becoming a common occurrence. Managing volatility and currency risk are key for any business owner; the management strategy a company undergoes is critical for its success, a healthy balance sheet and reliable transfer of currency from overseas customers. Furthermore, margins are often squeezed as a result of increased regulatory scrutiny and KYC requirements.
There are an increasing range of FX instruments and products that if implemented, can help companies in the form of risk management. Risks include:
- Exchange rate volatility
- Political risk
- Interest rate changes
- LIBOR and INTERBANK rate changes
When trading in exotic currencies, the fluctuations and volatility of currencies are a lot more than common FX pairs. So risk management, hedging of currency risk and monitoring FX changes is critical to the business owner, especially if margins are thin (e.g. for commodities traders and producers).