Currency Strategy


Protect yourself and your profits

In business, most of your costs may be fixed, but foreign exchange rates can be unpredictable. If you’re buying/selling goods overseas or paying overseas staff, foreign currency fluctuations may affect your bottom line. To mitigate these risks, OFX offers a number of currency strategies to assist you in maximising your international empire.

Register now to keep your cash flowing as projected

  • Spot Transfers: Anytime you need to send money overseas, OFX can help you save. Banks often charge high fees and excessive 5% margins above the daily exchange rate. OFX doesn’t, so the sooner you switch, the sooner you profit. We can arrange your international transfer 24 hours a day, 7 days a week.
  • Forward Contracts: Protect your business from sudden market shifts by securing an exchange rate for up to 12 months using our Forward Contracts. With a Forward Contract, you know exactly what rate you’ll be paying for the duration of the contract, so you can insulate your business from forex risk and plan the future of your business more accurately.
  • Limit Orders: If you’re waiting on payments from overseas, the day you receive your funds may not be the best day to transfer your money. Use a Limit Order to select a rate that works best for your business. When the rate is right, we transfer your funds automatically, so you don’t have to worry about missing out on a great exchange rate.
FX option

Mitigate your business risk with a well planned currency strategy

Generally speaking, currency strategies for businesses are usually either based around hedging-risk or speculating on exchange rate fluctuations. At OFX, we help you manage your risk, so you can concentrate on your core business. If you don’t have time to be your own currency strategist, call us today to speak to an OFX team member about how we can assist with your foreign currency payments.