Automated FX Risk Management Tool
The foreign exchange markets can be dramatic. Market orders are a perfect currency risk management tool for growing SMEs, Mini-Multinationals & High Net Worth Individuals.
What are market orders?
If your business relies on cross-border and international payment solutions and you're looking to target an exchange rate that isn't achievable yet, our market order service can help. It's a reliable execution tool for clients who want to automatically execute currency purchases when target levels are reached.
When to book market orders and why?
By transferring funds to overseas suppliers or managing international or cross border mass payment solutions, your business is continuously exposed to exchange rate volatility. As your transaction volumes increase, so do your bottom-line risks. Automating your market orders ensures high-volume international payouts execute at your desired profit margins.
Currency risk management allows you to make decisions based on strategy and provides you with peace of mind when managing market volatility.
How it works
Plan ahead
Take a proactive approach to currency risk management with market orders. Together with your dedicated relationship manager, you can discuss target exchange rates with proactive guidance, forecasting and market analysis.
Log in and go to ‘Market Orders’
Log onto your CurrencyTransfer dashboard and click on ‘Market Orders’ on the left side navigation. You can use market orders to automatically book either a spot transfer or a forward contract.
Book your market order
Fill out your requirements including your target client rate and expiry date. By booking a market order, you commit to buy your selected foreign currency if your target client rate is met.
Sit back and relax
Once your market order is set up, your international payment will be automatically booked when your target client rate is reached. You will be notified by email whether or not the desired rate is reached within the time period.
In case your target client rate is not met before the expiry date, your order will simply expire and you’ll have the option to either extend it or make the trade manually at the current rate.
5 Tips to manage currency risk
