Joining forces with a currency specialist to support businesses
Currency specialist, Currency Services, announces a partnership with a leading currency transfer and currency risk specialist to support businesses with their currency transfers and currency risk.
The partnership is a natural extension of the company's domestic trade invoice finance service, i.e., to now offer a service that offers to hedge the currency risk of foreign trade invoices, or facilitate the international transfer of currencies.
With inflation and interest rates significantly impacting exchange rates (the € has now reached parity with the USD, for example) and recession looming in the UK and EU continent, now is the time for corporates to pay attention to, and manage, their currency risks and transfers.
This partnership has therefore been forged at an opportune moment given the financial distress many companies are experiencing or will experience from currency market, supply chain, and geopolitical turbulence.
"There is no additional cost to your business of executing currency hedges or currency transfers through this partnership versus solely with the currency specialist. On the contrary, you get the benefit of two independent financial risk management businesses putting their heads together to create a bespoke currency solution just for you.", says Currency Services