Business customers- retain more profit from your overeas trade by using a currency exchange broker for your foreign exchange deals.Whether your company has been trading overseas for some time, or you are just considering the potential of trading overseas, you need to talk to a currency exchange expert.

There are many reasons why a business should trade overseas; maybe to import goods from India or China, to be able to retail in your home Country, maybe you may want to export goods but require payment in your home currency, but you can’t close the deal unless the exchange rate is favourable.
Whatever the reason, making the decision to trade overseas can involve risks and you should seek the advice of a currency exchange expert to find out how to make currency differences work to your advantage.

There are ways to manage the risk and when exposing your business to foreign currency rates, the fluctuations in local currency can have an impact on your profit margins. If changes in currency levels mean that its costing you more money to sell your goods abroad than you’re generating in profit, you may need to reconsider your strategy.

The best way to manage your exposure to the currency exchange rates, is to fix your rate of exchange for a reasonable period. This helps you to manage the risk and plan ahead:

· Get a fixed rate and period that suits your business model
· Look for competitive currency exchange rates – banks are often too high
· Go for currency exchange brokers that don’t charge additional commission
· Find somewhere that allocates a dedicated account manager to your business
· Manage your paperwork by appointing a broker on your behalf

Deal with Currency exchange brokers who a proven track record and have the experience to manage your regula business payments. The idea is to find a broker who works in unison with your business, so that you maximise your profits and they manage your currency exchange rate risks.
Managing your foreign currency payments and income is a full-time job, especially if you rely on overseas markets for a significant percentage of your turnover and profits. Rather than spending money recruiting someone to handle this for you, you should talk to a dedicated currency exchange business like Global Currency Exchange Network. We have the knowledge, expertise and buying power to get excellent exchange rates and fix them for up to 24 months – allowing you to plan a secure financial future for your business.

In addition, your dedicated broker will give you all the market information you need, provide help with payments in and out of your account, and won’t charge any additional commission.

To find out more about how we can help you, call David Osborne, Business Manager at Global Currency Exchange Network, on 0044 (0)1480 458400.

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January 2009 saw sterling at an all time low against the Euro, and falling against the US Dollar. With further UK interest rate cuts expected later in the month, it seems unlikely that the Pound will return to the previous heady levels of €1.49 to £1.00 this year.

So how can you maximise your Pounds to Euro transactions?

If you are one of those people who have a Euro mortgage or are receiving your UK pension in Euros or Dollars. There is a way of helping the poor Sterling to Euro exchange rate and maximising the value of you good old pounds.

Transferring money internationally through a bank is often subject to sending and receiving charges both banks on both sides of the trade. There is often a commission charged for changing Sterling to Euros, and in addition, your bank will often make an attractive profit from the rate of exchange they apply to the trade.

Get around this by using the services of an experienced currency broker. With FX-Foreign Exchange regular monthly transfers are now free from commission and free from bank transfer fees on both the sending and receiving bank. In addition, FX-Foreign Exchange guarantee to beat any Bank exchange rate for an identical transaction.

• Best Rates of Exchange.
• Zero Commission Fees
• Not Telegraphic Transfer Charges

Find out how much you can save Today with this handy online comparison tool.

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Rates cut to all time low by Bank of England.

Rates dropped today by 0.5 percent to 1.5 percent, the lowest in the Bank’s 315-year history.

The Bank has had to balance the immediate interests of the UK economy against the potential wider economic fall-out with the distinct possibility of the currency rise of the Pound yesterday against the Dollar and the Euro, being instantly wiped out.

This could have an immediate effect on the recent strength of the Pound. If you have Pounds to sell, it may be worth contacting our currency dealers now.

Keep a close eye on the currency fluctuations with our LIVE CURRENCY RATES CONVERTER . If you are considering changing money over the next few days, you may wish to consider using some currency tools such as a “stop loss order” or maybe buying your money in advance of when you need it at a point when the rate is best for you. This is called a “Forward Currency Contract”.

Read more on types of currency transaction here, or just call us and we will gladly explain how we can help you.

• We trade commercial amounts of currency, at commercial rates.
• We don’t charge for transfers in excess of a monetary value equivalent to £5,000
• We don’t charge commission
• We DO give you an individual executive dealer to talk to

From outside the UK: 0044 (0)1480 458400

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