Foreign Exchange Explained
The foreign exchange (FX) market is the global market were currencies are bought and sold ( or "traded").
It is the largest market in the world in terms of the daily value of transactions undertaken. Participants range from professional trading organisations and multinational corporations seeking speculative gain to individuals making or receiving international money transfers.
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Markets On The Move
Exchange rates fluctuate constantly and it is of course better to buy or sell currencies when rates are in your favour. In volatile markets fluctuations of up to 5% can happen quickly, which can result in you obtaining significantly less currency for your money. In a nutshell, timing is crucial when making foreign exchange transactions. And that is where we come in. We'll monitor the markets on your behalf and help you make your transactions at the right time, at a highly competitive exchange rate. For more about this click here.
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