24 January 2024
To help mitigate FX fluctuations and protect your business's bottom line in 2024, make use of forward contracts*. This lets you 'lock in' the current exchange rate for a specified currency for up to 24 months. The rate is fixed when the contract is signed, and you are guaranteed that rate when the contract is settled.
With recent global events such as the pandemic and most recently the instability of sterling following recent politics, it’s more important than ever to be aware of fluctuations in the foreign exchange market regardless of whether or not your business trades or makes payments internationally.
Even if a company doesn’t trade internationally, if they operate within a globally competitive industry, changes in exchange rate pairs can still affect operating profits. One way to manage the risk associated with foreign exchange is to book a forward contract.
|To talk to one of the team about how Equals can help through forward contracts, or for any other questions, please get in touch at firstname.lastname@example.org.
The Equals Money team
*We only offer MiFID exempt forward contracts.
Written by: Thanim Islam