An inherent lack of transparency in FX deals is fundamentally damaging for SMEs

Does your business trust a high street bank or traditional FX broker to look after its international payment requirements? If so, it could be time to review your arrangements…

A number of legal cases have recently emerged in the UK of SMEs alleging that they have been mis-sold complex FX derivatives by high street banks and FX brokers as an alternative to conventional currency hedging strategies – especially in the run-up to the UK’s EU Referendum last summer.

Research has also revealed that small firms are paying out a staggering £4bn in built-in costs when they use the nation’s high street banks to transfer money overseas for buying goods or services. This is unethical, uncommercial – and entirely unnecessary.

 

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Infographic: The importance of currency hedging for SMEs

Discover how you can use currency hedging to minimise or even completely eliminate FX risk, and how to take control of the cost of your international payments.
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Report: Creating certainty in reliably unpredictable markets

When you trade internationally, it’s essential to take steps to mitigate the potentially damaging impact of foreign exchange fluctuations on your business.
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