Overview
Smart Currency Exchange is one of the fastest growing international payment specialists in the UK. Having grown 40% year-on-year since being established in 2004, Smart has helped a number of businesses save money and avoid adverse currency fluctuations when making overseas payments.
As an international payment specialist, Smart works hard to save UK businesses money by: (i) providing better-than-bank exchange rates (ii) helping businesses buy at the right time (iii) reducing or eliminating bank charges.
Smart Currency helps clients by offering exchange rates that are, on average, 2-4% better than the bank. Smart achieves this by specialising in currency exchange and buying directly from the wholesale currency market. Also, operating with low overheads, Smart can pass these savings on. This can add up to a saving of tens of thousands over the course of a year.
Many businesses that use the bank for international payments unintentionally lose thousands of pounds each year simply through excessive bank charges. Smart helps its clients to reduce or even eliminate these bank charges as well as making the payment process fast and effortless.
Smart Currency keeps clients informed of what is happening in the currency markets so that they can continuously make informed decisions to benefit their business and ensure that they buy at the right time.
This is done in two ways:
- Daily Currency Note CLICK HERE to sign up to daily currency updates for FREE
- Monthly Currency Outlook which incorporates the latest bank forecasts and detailed summaries of what is happening in the markets CLICK HERE to receive a FREE Outlook.
The Benefits of using Smart Currency Exchange:
- A Safe and secure method of making international payments
- A transparent service - No hidden charges, no fees and no commission
- Better- than- bank exchange rates - Save between 2- 4% on exchange rates, saving thousands
- Get the best deal - Smart traders do not earn commission so they are guaranteed to work in your best interests
- Fast and efficient payment service - Money reaches your chosen destination in 24/48 hours
- Minimise currency risks - Reserve good rates now for future purchases and maintain cash flow
- Specialist experience and expertise - Make informed decisions that can save you money, now and in the future
- Excellent customer service - Receive a professional and efficient service no matter how many times you trade
Smart Services:
Spot Contracts
If your business needs to purchase currency and make an international money transfer within a week, Smart can provide you with a better- than- bank exchange rate.
Forward Contract
A forward contract can help a business fix the exchange rate today for a purchase in the next month or for several purchases throughout the year. Provided that the client knows how much currency the business will need to purchase throughout the year, they can reserve it today, safe in the knowledge their margins will not be squeezed due to adverse currency fluctuations. This allows businesses to forward plan whilst maintaining cash flow, thus eliminating the impact of detrimental currency fluctuations.
Order to Buy
Targeting a higher rate? Leave it with Smart. Once the Smart client and trader have agreed a rate, Smart will automatically purchase the currency on the client’s behalf once the exchange rate hits the agreed level.
Order to Call
This service allows clients to agree a rate with their Smart trader so that once the market hits the targeted rate; a Smart trader will call to inform the client so that they can choose to purchase currency there and then.
If you would like to find out more information about Smart Currency Exchange or its services, visit www.SmartCurrencyBusiness.com or download the FREE Smart Report HERE.
Press
September 2nd, 2011 by Charles Purdy
This week we had a string of disappointing economic data which undermined sterling as worries over the UK recovery continued. House prices continue to fall, as did service sector and manufacturing activity. Interest rates are expected to remain at a record low of 0.5% for some time yet. To protect yourself from any adverse currency movements, call in for a quote.
In the Euro zone, the euro had a rocky week against the US dollar after the Federal Reserve indicated another possible round of quantitative easing last Friday. The euro extended its losses against the US dollar yesterday even after the release of weak US data. The euro weakened against sterling after manufacturing activity in the Euro zone shrank more than expected. Germany had the strongest manufacturing figures with 50.9, whilst Greece had the weakest at 43.3. Germany also saw its new export orders decline which has increased concerns over the euro zone economy. Out today is Euro zone PPI Call in now for a quote.
The US dollar gained against a majority of its trading partners today after better than expected factory data. With an increase of 2.4% in factory activity, there is speculation that the Federal Reserve may not take further steps to stimulate the US economic recovery. There was also slight fall in US prospective unemployment figures yesterday with the national unemployment rate declining by 9.1%. Out today is non- farm pay rolls and further unemployment data. These figures may cause significant movement, so call in now for a rate.
Elsewhere, the Swiss franc fell by 0.3% against the US dollar after yesterday’s Swiss GDP data indicated a 0.4% slow down in growth. This is likely to be a result of a steep decline in Switzerland’s investments and also a drop in the country’s exports. Yesterday’s data also showed China’s PMI bounce back by 0.2% from July. China remains adamant that its main priority is to control inflation and meet its inflation target of 4%. An aim they would like to attain in the second half of this year. Call in now for a quote.
For more information on Smart Currency Exchange, please call our freephone: 0808 163 0102 (+44 (0)207 898 0541 from outside the UK) or visit our website at: www.SmartCurrencyExchange.com
Daily Currency Note
EURO/GBP - 1.1367 US$/GBP - 1.6192 CHF/GBP - 1.2790 CAN$/GBP - 1.5824
AUS$/GBP - 1.5131 ZAR/GBP - 11.3671 JPY/GBP - 124.35 HKD/GBP - 12.6149
NZD/GBP - 1.9042 SEK/GBP - 10.3920 AED/GBP - 5.948 US$/EURO - 1.4235
To request a up-to-the minute quotation, call 0808 163 0102 or fill out our quote form: http://www.smartcurrencyexchange.com/quote.aspx
Contact
1 Lyric Square
London
W60NB
Telephone
0845 638 0571
info@SmartCurrencyBusiness.com