How do I know if I’m getting fair rates from my bank?
The easiest and fastest way to find out if you’re getting a good deal on your foreign payments is to compare your bank rates with other providers in the market. Lets start by understanding who the payment providers are. 1 Major Banks, the Minister of Finance has appointed certain banks to act as Authorised Dealers […]
Learn HOW to manage your FX risk in times of extreme volatility
We’ve had a lot of requests recently from clients asking for more information about FECs and how to use them to reduce their risk on future dated payments. Hopefully the following information will assist you in your own decision making. If you’re concerned about current or future market conditions or would like to chat about […]
Banking is necessary, banks are not.
Bill gates said it in 1994, “Banking is necessary, banks are not”. The South African banking environment is evolving rapidly. Over the course of the next few years we’re going to see new and better banks coming into the market. We’re seeing it already with the introduction of Discovery Bank, Bank Zero, African Bank and […]
4 Tips to help you expand your business overseas
If you’ve decided to expand your business overseas then chances are you’ve probably considered some of the issues we’ve highlighted below. An international move is a big step, full of challenges but if you get it right, it’s worth it. 1. Try not to reinvent the wheel Make sure you’ve got it right at home […]
Reduce your FX Risk on Future Payments
If your business Imports or Exports, then you are exposed to exchange rate risk. Whatever industry you’re in, volatility in the foreign exchange market could be disrupting your cash flow, complicating your forecasts or even worse, eating into your profits. More and more South Africa SMEs are discovering the advantages of using Forward Contracts to […]
US dollar blasts through 12.45 against the Rand
The US dollar blasted through 12.45 level yesterday and all the way up to 12.65 versus the Rand. Opening this morning we are a fraction off that high, with the market currently trading at around 12.58 mid-market. That being said, we expect to see some better buying opportunities today of 12.50. Based on the way […]
5 Must-Know Tips
Protect your profits, cut your FX costs and hedge your FX risk Benchmark your bank. Use an intermediary broker to improve your rates Be vigilant about hidden fees Don’t underestimate the benefit of a good hedging strategy Simplify your FX product purchases 01. Benchmark your bank Banks are all structured the same which makes them […]
1 Minute guide
In this article, we aim to break down the complexities of one of the most underrated forex products available in the market. Forward buying is often neglected because people don’t understand, how it works, why it should be used and when it should be used. What is a forward contract? A forward contract is an […]