Foreign Exchange Risk Management Strategies
Protect yourself and your profits
If you’re an international business, you need a foreign exchange risk management plan to ensure your cash flows run smoothly. You already know that risk management is essential to your success, so choose a foreign exchange partner who understands your exposure.
Your foreign exchange risk management strategy could mean the difference between profit and loss
If you’ve signed contracts for payments or receipts in foreign currencies, your business will be exposed to potential currency fluctuations over the course of the year or even within a single day. (Remember, the pound sterling (GBP) dropped 10% in one day after the 2016 Brexit vote.)
OFX understands that you need to be able to have a predictable cash flow while being able to profit from advantageous currency movements. That’s why we offer a variety of products, so you can choose the level of exposure that’s right for your business.
OFX Risk Management Solutions:
Limit Orders: If you’re flexible on the date of delivery for your funds, you can use our Limit Orders, because 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.
The best investment for your business costs nothing upfront
It’s free to register with OFX, and when you do, your business will get a dedicated contact--like a personal forex concierge. If you don’t have time to be your own currency strategist, call us today to speak to an OFX team member, so you can develop a foreign exchange risk management plan that suits your unique needs. Our products can help you manage your risk, so you can concentrate on your global empire.
Ready to OFX it? Start your transfer now