How much of my revenue is in foreign currency? Can I contain the cost of exchanging currencies? How can I protect my company from currency volatility? These are just some of the questions you should be asking yourself now.
The Pound is 17.7 per cent higher against the US Dollar, at $1.3943, having recovered from the multi-decade low of $1.1841 it reached in October 2016.
This is great news if you are selling Sterling, but not so good for those selling the greenback.
Overnight Sterling had broken the $1.40 level. But following the news that Congress passed the short-term funding bill ending the US government shutdown, the Pound weakened against the greenback.
We are here to help
Our bespoke foreign-exchange services will help you protect your profit and minimise the negative impact of currency fluctuations on your business.
“We pride ourselves on building deep relationships with our clients rather than just perform transactions,” said Bradley Silver, Sales Director at Centtrip. “By understanding how companies work and what they are looking to achieve, we can develop the best bespoke services that help mitigate existing and future risks in fast-moving markets.”
Speak to our experts to secure an ideal exchange rate for you and your business and ensure you stay in control of your finances in any market condition.
With assistance by Tatyana Marsh