The rise of the Chinese middle class as a major consumer potentially provides a very lucrative market for exporters into China. By 2030, an estimated 326 million new middle class people will emerge, taking the total to around 854 million. With per capita disposable income forecast to triple over that period, it’s no wonder businesses […]
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20
Feb
Feb
Economic Indicators Influencing Fx Rates
Foreign exchange rates are influenced by the political, economic, and financial fortunes of the markets they operate in. In life, we fear that which we do not know. Knowing, and more importantly understanding, which direction foreign exchange rates are moving is the key to preventing the costly error of trading currencies at the wrong […]
20
Feb
Feb
Dealing in the Spot Market
An effective forex trading strategy does not have to be limited to only forward contracts. At times, Trading foreign currency directly in the spot market, at the current spot rate, is the most effective strategy for a business to minimize its costs or maximize its profits. Sometimes, it can be more profitable to execute a […]
20
Feb
Feb
Spot Rates vs. Forward Rates
The first step in understanding foreign currency exchanges is to have a grasp of the concept of spot rates and forward rates (also known as forward contracts), and the difference between the two. A spot rate is a currency’s foreign exchange rate at the present moment in time. It is a static price of the […]
20
Feb
Feb
What Is An Option
An option is a written agreement between two parties, which gives them the option to buy or sell an underlying commodity or asset at a specified price at a future date. While somewhat similar to a futures contract, an option grants the contracting parties the option to purchase or sell something. An option to sell […]
20
Feb
Feb
What Is a Futures Contract
Futures are contracts that give buyers the obligation to buy an asset or commodity, and the seller the obligation to sell that asset or commodity, at an agreed upon price at a future point in time. Because this agreement is binding and not simply an option to buy or sell the underlying asset, futures are […]
19
Feb
Feb
How to book a Drawdown from a Forward trade
In order to book a Drawdown from Forward trade, please click on the New trade button in the navigation menu: or click on the Convert & Pay option on the dashboard: Then select the Drawdown tab. Select the forward transaction you would like to Drawdown from, and click Continue. […]
19
Feb
Feb
How to book a Fixed Forward trade
In order to create a Fixed Forward, please click on the New trade button in the navigation menu: or click on the Convert & Pay option on the dashboard: Select the Fixed Forward tab. Choose the currency you want to sell or buy using the currency dropdown menu. Enter […]
19
Feb
Feb
How can I add a new beneficiary?
In order to add a new beneficiary to your account, please go to the Beneficiaries tab. Click on Add Beneficiary in the top-right corner. Select “Manually” in the drop-down menu A pop-up will appear where you can enter the details for your beneficiary. After you’ve entered their details, click Save and your new beneficiary will […]
19
Feb
Feb
Online Beneficiary Verification
Clients with online access have the possibility to verify their beneficiaries using the online platform, which allows faster beneficiary verification and payment processing. Process Log into your Online account. Proceed to Beneficiaries page. 3. Find the beneficiary 4. Click-Edit And you will be able to see the Edit page. 5. Click on the box to […]
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