Manufacturing is one of the world’s most globalised industries, as businesses undertake a chain of import and export activities that are dependent on each other. With strict deadlines to meet final production and to protect revenue, there is pressure on overseas transfers to be made quickly and cost-effectively.
A number of manufacturing businesses now either outsource all or at least part of their production overseas. This therefore means their profits are greatly influenced by the foreign exchange landscape.
Costs such as factory leasing abroad, paying overseas workers and importing materials are all subject to exchange rates and can all affect your cash flow if not managed effectively.
For larger manufacturers who choose the UK as their production hub, a drop in the value of the pound against other major currencies could mean their product is worth significantly less worldwide. While the market can be volatile, the good news is that most of these market changes can be avoided with the right foreign exchange strategy.
At Currency Hedger, our team of experienced account managers have helped a large number of businesses within automotive, electronics and other parts of manufacturing. With competitive rates and low fees on every transaction, we are there to cater for all your foreign exchange needs and propose tailored solutions to help protect profits and ensure that your money gets as far as it needs to.
You can rely on an impressive global payments solution to assist with your payment needs and reduce costs, whether you’re required to make ad-hoc payments in bulk or regular international transfers to overseas suppliers or staff.
Access to our range of foreign exchange tools also enables you to limit your currency risk and effectively navigate the volatile FX market. Your account manager will be able to discuss these options with you and work with you to determine the best solution for your business.
Your account manager will be able to discuss these options with you and work with you to determine the best solution for your business.
Our team will work with you to identify your individual requirements and be able to suggest products including Spot Contracts, FX Orders, Forward Contracts to meet your foreign exchange needs.
Protect your business from foreign exchange market volatility, forecast cash flows and minimise risk with our range of hedging tools.
We provide payment solutions for businesses with local or international requirements, who are looking to simplify the process and cut ongoing costs.