Breaking out of the FX Status Quo

Are customers keeping pace with foreign exchange innovation?

Finance directors, SME owners and high-net-worth individuals (‘HNWI’) across the UK spend millions each year on foreign exchange (‘FX’) costs. The following research shows that the majority are failing to capitalise on improving services and highly competitive transaction rates offered in a rapidly growing sector.

The P2P Financial Services Revolution

Finance directors, SME owners and high-net-worth individuals (HNWI) spend billions each year on foreign exchange (FX) transaction costs. Historically, most of their transactions are done through traditional, or legacy, intermediaries. Most commonly, banks. But more and more transaction decision-makers are beginning to realise the potential of peer-to-peer (P2P) financial systems and methodologies.

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  • £1=€1.1571

The rate used in this example is the rate freemarket achieved on 19 Apr 2018 at 12.49pm. The “RECEIVE” amount indicated is what could have been achieved had this example participated in that transaction. The rate used is inclusive of freemarket’s fee.