Understanding how to get the best foreign exchange rate
Getting you the best foreign exchange rate for your import and/or export transaction, is one of our priorities. Let’s just take a moment to understand why this matters… An exchange rate is the rate at which one currency is exchanged for another. It is expressed as a price per unit of currency.
There are two main types of exchange rates: fixed and floating. A fixed exchange rate is the rate at which one currency is exchanged with another currency that is set in advance by an authority (e.g., government).
On the other hand, a floating exchange rate is the rate at which one currency is exchanged with another currency that is not set in advance by an authority but changes according to market forces (e.g., a currency’s value against other currencies).
These two types of exchange rates can be used to analyze trade patterns between countries, identify the impact of economic conditions on a country’s economy, and predict future trends in domestic and international markets.
We will help you
We are able to get you the best foreign exchange rate for your import and export transactions, meaning your business is more profitable. We do not only “move things”, we help you and your business holistically. This means that we partner with you to find solutions to make your import and export transactions as easy, effective and money-wise as possible. Getting you the best exchange rate possible, is one of the ways in which we partner with your to help you grow your business. Contact us to find out more.
Register below for assistance with your Foreign Tax Clearance and currency transfers to save on the exchange rates.