Blog

Currency hedging is a risk management strategy used by investors and businesses to mitigate the potential losses or volatility stemming from fluctuations in currency exchange rates. It is particularly crucial for businesses or individuals engaged in international trade, investment, or any financial transactions involving multiple currencies.

We give private individuals the power to make foreign currency payments at far more favourable exchange rates than their bank or others are willing to offer. We hear about too many transfers being made through the individual’s bank for reasons of convenience and possibly lack of time but that only really results in increased cost and worse exchange rates.

With the last four months of the year approaching fast, and hopefully seeing positiveness coming out of the markets, why not start afresh in September and look more closely at your currency strategy?

Are you in need of a foreign currency bank account in the UK but have been refused one through the normal channels?

In my latest blog, I will discuss the importance of using foreign exchange services if you are importing or exporting goods to and from the UK. The main reason most businesses enter the international marketplace in the first place is to find new markets once the UK’s has become saturated, but if they do not pay attention to foreign exchange, they will not reap the maximum profits available to them.

From the back end of last year and the beginning of 2022, SW Foreign Exchange Ltd has seen a big rise in enquiries for those wishing to purchase properties abroad. We have seen clients from all over the UK come to us to assist in the buying and the selling of properties around the world.

Is it time to make changes? SW Foreign Exchange is a currency broker. We are a gateway between you and a financially-regulated currency firm or your bank to make sure that any one-off or regular foreign exchange transactions are executed in the right manner. Our aim is to ensure you do not end up being between a rock and a hard place and have the ability to look elsewhere for the execution of your transactions.

With 20 years’ experience in helping clients exchange the proceeds from an overseas property sale, there are various workings and insider deals we think you should be aware of to prevent additional costs being incurred and suggestions on good working practices.