At freemarket we’re aware that foreign exchange is a necessary part of many peoples’ lives – for both personal and business reasons. We also know that it can be confusing trying to keep up with the phrases, terms and acronyms that are associated with foreign exchange. We’ve created this short glossary to help; whether you are completely new to foreign exchange, or just want to clarify your understanding.
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With Article 50 triggered and Brexit looming, many business owners may be considering moving part or all of their business abroad. Needless to say, there is potential for a move like this to be hugely beneficial – but also for it to be damaging if unsuccessful.
Read MoreBy now most of our readers will be familiar with the concept of Scheduled Exchanges – they are the unique mechanism by which we are able to achieve mid-market rates of exchange. By using peer-to-peer technology and aggregating our customers’ requirements into one exchange we can optimise the opportunity to match currency and deliver the best possible rate for all involved. Here’s how we do it.
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In a globalised world, it’s more important than ever for SMEs to take advantage of the benefits available through importing and exporting. That being said, it can be overwhelming when confronted with the myriad laws, regulations and pitfalls associated with taking a business global.
Read MoreIf you’re a regular reader of our blogs, you’ve probably heard us mention our fixed fee of 0.2% one or two times – and for good reason – it’s incredibly low and constant, an offering that isn’t available elsewhere in the market.
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Last month the Confederation of British Industry (CBI) revealed that despite Brexit – and the imminent prospect of Article 50 being triggered – demand for UK-manufactured goods rose to a two-year high.
Read MoreJPY is the newest addition to the growing list of currencies we support and for which we achieve market-leading rates on behalf of our customers.
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At freemarket, we keep our fee for international payments and currency exchanges at a stonkingly low 0.2%, regardless of the size of your transaction (or your company).
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