What are the challenges of dealing with the foreign exchange market?
The biggest challenge in dealing with the foreign exchange market is its volatility. Factors outside of your control, such as interest rates and economic conditions, can have a significant impact on exchange rates, which can make it tricky to budget or forecast. Not being fully aware of some of the tools available to try and mitigate this volatility can lead to problems, so talking to someone who can help to understand what’s possible is crucial.
How does this particularly affect the property market?
Trying to budget for buying or selling a property abroad within an ever-changing foreign exchange market can often mean that a purchase or sale becomes financially unviable by the time of completion. One of the most important factors to consider is therefore affordability. Ensuring you have the correct FX tools in place, for example locking in a favourable rate with a forward contract, can really help you to stay on track.
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How can Clear Currency help clients to devise a foreign exchange strategy?
The first step we take when helping clients to devise an effective foreign exchange strategy is to get more information on their specific requirements, for example, exactly how much of which currency is needed by which time. When we have this, we can then outline the different possibilities available. If you chose Clear Currency to help with your FX strategy we would assess a number of factors, such as your available funds, current market conditions, etc. and then run through the different products we offer to help you decide which might be the most cost-effective; and which might offer the most protection against market volatility.
How quickly can a strategy react to changes in the market?
Our expert team are constantly watching the market, so we can inform you quickly in the event of any significant changes. Our ultimate goal is to help you keep more of your currency, particularly in times of economic uncertainty.
How can Clear Currency speed up international payments?
Our online payments platform is quick, simple, and secure, allowing you to manage all your international payments in one place, get live exchange rates and make payments to many countries all over the world in minutes. We can make cross-border payments across 35 currencies worldwide. Prefer to make a transfer over the phone or just need some guidance? Give us a call.
Is Clear Currency regulated?
Yes, Clear Currency is a trading name of Clear Treasury (UK Trading) Ltd. Clear Treasury is authorised by the Financial Conduct Authority, who regulate the conduct of around 50,000 businesses. The FCA work to ensure that financial markets work well for individuals, businesses and the economy as a whole. You can find out more about how we are regulated here.
What is the story behind Clear Currency?
Clear Currency was relaunched in 2018 alongside our treasury brand Clear Treasury (established in 2010). Our mission is simple: to provide individuals and businesses hassle-free and cost-effective access to the multiple products and services they will need when involved with international trade, all within one cutting-edge technology environment, and backed by an expert team.
Where can I find out more about Clear Currency?
If you’re looking for help with your international money transfers, drop us an email at hello@clearcurrency.co.uk or chat to one of our specialists on +44 (0)20 7151 4832. Ready to start making payments? Sign up for an account here. See what our clients say about us – take a look at our Trustpilot reviews.
