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.

More articles on Currency exchange for Businesses

Popularity: 15% [?]

Tags: business currency exchange, Currency Exchange Rates, money transfer, Regular monthly payments

The Euro has slid to a 19-month low against the British Pound (GBP). Today, the Euro dropped to 0.8230.

Attempts for the euro to pick up on the asian market have failed, so the euro seems to be set to remain weak against the pound for a short while.

If you have euros and wish to buy pounds, it would seem that you have several choices:

1. If you’re not in a rush and have no deadline: Sit out this slide in the hope that the euro recovers.
2. If you need to sell your euros now, and buy pounds: You may wish to consider using a currency broker for this. They will seek out the best exchange rate of the day and save you money on the narrowest spread.
3. If you have a deadline when you need to sell your euros by, or buy the pounds: Tell a broker and they will set a stop loss on the sale of the euros, ensuring that you don’t lose an more.

If you have Pounds and want to buy euros. The choices would seem a lot more comfortable than they were a few weeks ago.

Contact a currency broker, just call +44 1480 458400 (01480 458400 inside UK), or contact them here.

There is no charge for using a currency broker. You simply get a better deal.

Popularity: 2% [?]

Tags: best currency rates, buy euros, buy pounds, gbp, sell euros, sell pounds

A quick alert bulletin on the Australian Dollar

As one of our clients, I thought I’d better let you know that one of the major currencies has seen substantial movement today and you may wish to take advantage of this.

The Aussie dollar has had a rough ride on the currency markets for around a month. But the AUD dipped substantially yesterday against the US Dollar, Pound and the Euro.

Now could be a good time make your move as this slide has taken a very dramatic turn.

Yesterday:

• The Aussie dollar lost around 2 cents against the US Dollar.
• The Euro gained around 4.5 cents.
• The Pound gained around 4.4 cents

Just a month ago, the Aussie dollar was at 0.92 against the USD. It’s dipped today to 0.8356.

If you’d like to discuss how we can help you to buy, or sell Australian Dollars, please get back in touch soon. If you don’t have the full amount to trade now, but would like to buy straight away, we can do this by using a 10% deposit.

cforms contact form by delicious:days

Popularity: 4% [?]

Tags: aud, aussie dollar, australian, dollars, euros, gbp, pounds, usd

Wednesday 19th May, 2010, Global Currency Exchange market comment

EURO to USD / AED: The Euro slid again yesterday against the US Dollar, dropping to below $1.22. This had a great deal to do with Germany’s announcementthat they wish to ban “short selling” of shares and euro government bonds among its 10 most important financial institutions. This was the lowest figure against the dollar since April 2006.

Most people believe the euro has further to slide against the dollar and the aed of Dubai and Abu Dhabi. If you HAVE to sell euros soon, for dollars or aed, then you may want to talk to us about setting a rate, or just buy now!

POUND TO EURO: The pound continues to hold at over 1.15, with some good news coming from the Bank of England. It looks likely that the Bank will maintain interest rates at the current low level. British businesses can take advantage of the situation, with the lowest period of borrowing at this level for some considerable time. This, in turn, will help the economy to recover at a faster rate than Europe.

POUND to US DOLLAR: With some good news coming out of the UK economy, the Pound has slowed it’s decline, but sits at an uncomfortable $1.42. Most economists believe, Sterling will go lower against the USD.

With the currency rates altering as quickly as they are, we suggest you choose from the following:

1. If the rate suits you now, make that exchange. It may go a bit more in your favour, but it’s just as likely to go against you.
2. If the rate doesn’t suit you, contact us here, and let us know what rate you need. We will put you on our “Rate watch” list and contact you as soon as your rate is achieved.

Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here

cforms contact form by delicious:days

Popularity: 4% [?]

Tags: aed, aud, australian, cad, canadian, dhms, dirham, dollar, gbp, pound, sterling, usd

Monday 17th May, 2010. Global Currency Market Comment

Looking to buy or sell currency now? Use the currency converter on the right, and get the best exchange rates today.

There seems to be no end to the current institutional need to buy US Dollars, and sell Euros and Pounds. This “herd mentality” seems to be growing, rather than abating, as everyone heads for the perceived safety of the USD and Gold. Is this a good time to sell Euros or Pounds in favour of US Dollars? Maybe. The current situation does seem very similar to Autumn 2008 where the USD was bought to the virtual exclusion of any other financial asset.

EUR: USD. The Euro has now dipped below the $1.25 level and seems to be headed towards $1.20. The market is clearly concerned about the Eurozone’s ability to cope with the austerity packages and bail-outs. Combine this with the perceived ability of the US to outperform Europe, despite its fiscal issues. email us to set a rate to sell your euros at.

GBP:USD. Pound sterling has today fallen to around $1.44. This would seem to be following the same pattern as the Euro against the USD. However, The Bank of England may be getting ready to back what they call a “very strong and powerful agreement” between the the new Conservative-Liberal government. Expect some decisive action from the new chancellor in the up-coming “emergency budget”.

GBP:EUR. It would seem that, if the markets are forced to choose between the EURO and the POUND, they prefer to invest in the pound. GBP:EUR is still above 1.15 

With the currency rates altering as quickly as they are, we suggest you choose from the following:

1. If the rate suits you now, make that exchange. It may go a bit more in your favour, but it’s just as likely to go against you.
2. If the rate doesn’t suit you, contact us here, and let us know what rate you need. We will put you on our “Rate watch” list and contact you as soon as your rate is achieved.

Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here

cforms contact form by delicious:days

Popularity: 5% [?]

Tags: aed, buy dollars, buy euros, buy pounds, dhms, dirhams, live rates, sell dollars, sell euros, sell pounds

Friday 14th May, 2010. Global Currency Market Comment

Looking to buy or sell currency now? Use the currency converter on the right, and get the best exchange rates today.

Yesterday, was yet another turbulent day for both Sterling and the Euro. Both currencies lost ground against the US Dollar in particular. Now that the UK election result is agreed, all attention has turned on the uncertainty before the UK Chancellor’s emergency budget due within the first 50 days.

GBP: USD. The pound started off well enough at about $1.49, but sank to below $1.46 this morning. It would seem that the market currently prefers dollars, but that may change following the announcement in the US, that eight banks are facing investigation into the ratings of their mortgage products in the run-up to the financial crisis.

EUR:USD. It isn’t clear why the euro is struggling so much, given that the Eurozone has recently announced some reasonable economic data. It’s possible that the markets are becoming more anxious about the medium term prospects of theeconomic recovery in Europe. The Euro has dropped to close to $1.25. If the markets are concerned, expect this to go lower.

GBP:EUR. Early on in March, 2010, we saw the €1.10, now we’re regularly seeing €1.17 to €1.18. The last time we had rates like this, was between mid-june and early August 2009. After then, it dropped suddenly to €1.07, and we had many customers who had held off. They lost their opportunity.

With the currency rates altering as quickly as they are, we suggest you choose from the following:

1. If the rate suits you now, make that exchange. It may go a bit more in your favour, but it’s just as likely to go against you.
2. If the rate doesn’t suit you, contact us here, and let us know what rate you need. We will put you on our “Rate watch” list and contact you as soon as your rate is achieved.

Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here

Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account

Quote me the best currency exchange rate

1. Your Name(required)
2. Email(valid email required)
3. Daytime contact number(required)
4. Convert from which currency?
5. Convert to which currency?
6. How much would you like to convert
7. Message

 

cforms contact form by delicious:days

Popularity: 6% [?]

Tags: aed, australian, best rates, canadian, dirhams, dollars, euro, gbp, gcen, global currency exchange, pound, singapore, usd

Thursday 13th May, 2010. Global Currency Market Comment

With the global currency exchange prices as volatile as they have been, you may wish to buy a forward currency contract today. It takes just 10% deposit to secure your exchange rate and will give you peace of mind.

Yesterday, we saw a much improved day for the currency markets. There was a widespread recovery in share prices and the generally positive economic data did much to improve the Pound rate, particularly against the US Dollar and the Euro.

EUR: GBP. Today, we have seen the Euro gain a little against the pound, but most people believe that the Pound will continue to gain against the Euro. So Now could be a good time to call or email a currency dealer to discuss buying a forward currency contract if you have Euros to sell and pounds to buy.

In the UK, the new Government has announced that it will cut public spending by £6bn in this fiscal year as an immediate step in a broader commitment to tackle the budget deficit. This was well received by the markets and gained the Bank of England’s support.

AED: AUD. If you have AED, UAE Dirhams, and are looking to buy Australian Dollars, now could be a good time to buy. The aed has gained about 10% over the last year and seems to be peaking.

USD: EUR. The USD has moved considerably against the Euro to about 1.26 from a peak of 1.5 in just a matter of months. The value dropped to about 1.25, so we may have seen the bottom of the dip. If you have AED, or USD, and you want Euros, this could be the time to buy Euros.

Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here

Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value. Sorry, we don’t handle cash in any way.

Popularity: 6% [?]

Tags: buy aed, buy aud australian dollars, buy euros, buy gbp pounds, buy usd dollars, dhms, dirhams, forward currency contract, sell euros

Is this a good time to buy euros with pounds?

With the interbank rate just dropping a little from yesterday´s 1.15 EUR : GBP, this could be a great time to buy euros and sell your British Pounds. The currency exchange rate was just 1.02 a few weeks ago.

However, the age-old problem exists for many of our clients. If there´s no particular need to make the exchange today, most people would hold-off believing that we may go higher yet. Maybe the exchange rate will go higher than the 1.17 GBP tp EUR rates peak just a few months ago?

However, lessons from that peak at 1.17 may be very valuable. The rate dropped rapidly to 1.13 / 1.14 and those clients missed the opportunity. If I relate this to £10,000. When the rate dropped from 1.17 to 1.13, this represents a loss of 400 euros.

Relate that 3 cent drop to £100,000 and the loss then becomes 4,000 euros!

How can you avoid losing out when an currency exchange rate for Pounds to Euros drops? This depends on when you need the money. I am here to help, but I can´t predict the rate changes. Here are some suggestions:

SPOT DEAL. Buy your Euros now while the rates are relatively good. If you´re already registered, all you need to do is call me (or email me using the form below) and I´ll get you the most competitive exchange rate at that moment. The exchange rate will be better than the bank. Also, we don´t charge transfer fees, or commission.

FORWARD CONTRACT. If you don´t need the money straight away, but you would like to secure this great exchange rate opportunity, I can buy the money for you now as a time option forward currency contract, for delivery at an agreed date. I buy this on my clients´ behalf with just a 10% deposit. This is a very flexible arrangement as I buy the currency in a particular way that secures the exchange rate. If the exchange rate drops again to 1.10 from 1.15, then you will have saved 5,000 euros on a £100,000 deal, with just £10,000 deposit.

If you´d like to discuss how I may be able to help you, please call me.

My UK number is +44(0)1480 458400

cforms contact form by delicious:days

I look forward to hearing from you. Zoe

Popularity: 38% [?]

Tags: best rates, buy euros, buy gbp, buy pounds, Currency Exchange Rates, euro, euros, forward currency contracts, sell gbp, sell pounds, sell sterling, time option

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.

Popularity: 55% [?]

Tags: Currency, currency conversion, currency exchange, Currency Exchange Rates, euro, foreign exchange rates, money transfer, pound, sterling

The euro has been the single currency of the European Union since the 1st of January,1999. It was adopted by 11 European States and other Countries have followed since.The currency exchange rates were fixed for the Euro, along with the last day for the individual currencies of each of the Member States and they were:

Euro Banknotes and Coins Calendar:

· Mid December, 2001: introduction of notes and coins.

· January 1, 2002: new currency becomes legal tender. Old currency can no longer be used for non-cash transactions, such as bank transfers and checks. The individual currencies will remain as legal tender until the dates listed below:

June 30, 2002 was the last day for changing old currency to Euro at any bank for the original twelve member states. Thereafter: old currency can be exchanged at national central banks and some specially designated banks.

Euro Denominations:

Notes: 500, 200, 100, 50, 20, 10, 5

Coins: 2, 1, 50, 20, 10, 5, 2, 1

To buy, or sell, Euros at the best rates, without commission or transfer charges, contact us here:

cforms contact form by delicious:days

Popularity: 34% [?]

Tags: euro, euros, gcen