FRONTYRION, CREATING SEAMLESS BANKING EXPERIENCES
Currency risk management
With international payments and currency transactions, FX risks may occur due to constantly changing exchange rates. Frontyrion lowers the FX risks by using various hedging strategies. Open your free account now and experience Frontyrion’s great services.
FRONTYRION, CREATING SEAMLESS BANKING EXPERIENCES.
Currency risk management
With international payments and currency transactions, FX risks may occur due to constantly changing exchange rates. Frontyrion lowers the FX risks by using various hedging strategies. Open your free account now and experience Frontyrion’s great services.
Frontyrion uses various hedging strategies to decrease or cover your FX risks with international payments. A frequently used hedge strategy is to draw up a forward contract.
What is a forward contract?
A forward contract is an agreement on a currency transaction in the future. In the forward contract the two parties agree on the date when the currency is exchanged at the current exchange rate or set a fixed exchange rate. Advantages are that:
1. The exchanged amount of the currency is already set. This gives both parties security.
2. With a forward contract, both parties are less influenced by fluctuating exchange rates.
3. With a reverse transaction, exchange rate differences can be settled on the agreed date.
Opening a multi-currency account at Frontyrion.
A different way to decrease FX risks, is by opening a multi-currency account. This account makes it possible to transfer and collect funds in 131 different currencies. For example, with a European customer you will pay in euros and with a British customer in pounds. You decide when to convert your currencies, making your transactions less sensitive to the changing exchange rates. Frontyrion offers you the sharpest currency exchange rates.
What are the advantages of a multi-currency account?
What are the advantages of a multi-currency account?
Opening a multi-currency account is free and can be easily done through our accounts form.
Would you like to receive more information? Please contact us