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Protect your business against forex risk with our tools and specialised support

Every foreign currency transfer carries forex risk. Protect yourself with a risk management strategy. Our OFXperts can help you to create a tailored strategy for your business.

A forex risk management strategy can help you…

  • Achieve more certainty over foreign exchange costs by using a simple hedging approach
  • Access fast, flexible transfers to make the most of currency fluctuations
  • Plan for market uncertainty so your cash flows are more predictable and profitable

Are you incurring unnecessary costs on global payments?

Hear from business owners and finance leaders how they manage their global payments without needlessly losing money.

Access your free report to find out how other businesses are helping protect their profits, streamlining processes, and saving time and money on overseas payments.

What is forex risk?

Sometimes called currency risk or foreign exchange (FX) risk, it refers to the losses you could incur when making an international financial transaction, due to currency fluctuations.

Having a forex risk management plan is smart because currency fluctuations can significantly impact a business’s profitability.

Why understanding FX risk management is important

Currency fluctuations are not always a bad thing.

If you understand forex risk and how to manage it, you can try to anticipate and plan for opportunities to save money on your international transactions.

Hark Enterprises Director, Tim Harkin

OFX helps our client Hark Enterprises to reduce their foreign exchange risk

See how we helped this Aussie wholesaler and distributor to manage forex risk and use currency fluctuations to their benefit.

Could your business absorb a sudden £2.5 million loss?

“…In 2022, the pound fluctuated by nearly 25% against the US dollar…If you’re a business buying £10 million pounds worth of USD, you could stand to lose £2.5 million pounds.”

OFXpert, Harry Narenthira, explains why a currency risk management plan can help your business.

Try our tools to help build your currency confidence

Check your business’s FX risk management maturity

Try our handy tool to see actions you could be taking to help mitigate currency risk.

Check your currency’s past performance

See a currency pair’s performance over the last few days, weeks, months, or even years.

Stay on top of currency movements 

Subscribe to our daily or weekly market updates. Or read our monthly Currency Outlook.

How can you manage forex risk?

The most common way is with a simple hedging strategy.

Hedging is when you protect yourself against fluctuating exchange rates.

Forward Contracts makes hedging easier. They let you lock in great rates now, to use at a later date, so you can save money or even turn a profit.

Ready to make a transfer? Create your free account now.

Book a demo for our online platform

Move money globally with OFX’s online platform. Fast, simple, secure.

With OFX’s online platform, supported by 24/7 real human support from our OFXperts, you can manage global transfers anytime, anywhere. See how you can simplify your global payments with OFX.

Book a time that suits you.

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