Brexit currency risk is a prime concern for many businesses that make international payments, whether it’s to a supplier, funding overseas office overheads or purchasing stock.
Forward contracts are an effective solution to FX risk management post-Brexit because they offer protection for businesses against inevitable currency fluctuations, which are forecasted to be highly volatile for the foreseeable future.
Not only does this product provide up to two years risk management for future international payments, it requires a low 5% deposit, enables businesses to forecast their spending and helps to save money that can be used elsewhere.
Here’s how Forward Contracts can help manage your business’s Brexit currency risk:
So if you want to protect your business from future currency movements, get in contact with our Corporate Dealers to secure your rate today.