Reduce currency costs and mitigate risk
Protect yourself from market volatility by securing a favourable exchange rate for your future currency requirements
- Over the last few years, currency markets have fluctuated more than 20%. GBP-USD has ranged between 1.20-1.42, whilst GBP-EUR has reached lows of 1.06. Rates are constantly changing and are impossible to accurately predict.
This creates enormous risk for organisations with international teams and operations. Even the smallest change in exchange rates can have a significant impact on your budget and profit margin, costing thousands more than expected, if not more.
A forward contract protects you from these currency fluctuations.
What is a forward contract?
A forward contract is an agreement to purchase a certain amount of currency up to 2 years in the future, at a favourable, fixed rate.
This provides protection against market volatility and rate fluctuations which could increase the cost of your currency.
You will only need to pay a small deposit and you can have as many drawdowns from the contract as you wish.
What are the benefits?
Lock-in a favourable exchange rate for future requirements.
Make informed decisions with our expert insight and support.
Gain protection against adverse moves in exchange rates.
Pay in full on a chosen date or spread your payments over the contract period.
Budgets and cashflows will not be affected by FX volatility.
Enjoy a greater degree of certainty and risk mitigation.
"We locked our rate at 1.125 and the actual rate ended up being 1.17, a movement of 4-5%. Without hedging, we would have had a shortfall of £130,000 to £140,000."
— Steve Jarvis, Film Producer and Co-Owner, Parkhouse Pictures
Why choose Centtrip?
Product specialists in your core industry
Our market professionals have over a decade of experience supporting clients in your core sector, so we understand your unique challenges and requirements.
Dedicated service and support
We will work tirelessly with you to develop smart solutions that match your specific requirements, whether you are looking at an ad hoc transaction or as or a hedging strategy to mitigate risk on instalments or loan repayments.
Access to market leading pricing
As an intermediary between the foreign exchange market and the banking network, we are in a strong position to negotiate the best possible rates for you.
Cost savings through volume
We buy and sell large amounts of currency for clients across a multitude of sectors, every day. This scale provides us with significant cost efficiencies which we can pass on to you.
BOOK YOUR FREE CONSULTATION
Speak to our experts today
We can help you develop smart foreign exchange strategies that mitigate risk and reduce cost.
Use the link below to book a free consultation to discuss your requirements, or call +44 (0)20 3735 1735.
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Centtrip Limited is anElectronic Money Institution authorised and regulated by the Financial Conduct Authority (FCA; FRN 900717). For more information on EMIs please visit the FCA’s website. The Centtrip Prepaid Mastercard is issued by PFS Card Services (Ireland) pursuant to a licence from Mastercard International Incorporated. Centtrip Limited is an Authorised Distributor of PCSIL which is regulated and authorised by the Central Bank of Ireland, registration number C175999 for the issuing of electronic money. The PCSIL registered address is Front Office, Scurlockstown Business Park, Trim, Co. Meath, C15 K2R9. Centtrip Limited is based in the United Kingdom and registered at 1 Mark Square, London EC2A 4EG. Company number 08651138.