FIRMA Foreign Exchange provides customers with up to the minute market expertise and the advantage of the best foreign exchange rates through a range of foreign exchange services.
FIRMA Foreign Exchange are money movers with branches across three continents. They understand that the global economy, industry and commerce rely on the exchange of international currency and as such they put that currency to work, trading billions of dollars each year and saving their clients millions of dollars in the process.
One particular foreign exchange service provided by FIRMA Foreign Exchange is forward contracting. Forward contracting is a simple way to secure today's foreign exchange rates for tomorrow.
Essentially a "buy now, pay later" contract, forward contracting is a foreign exchange service offers a solution to situations such as those in the following example. Take a company involved in a project where they have just ordered goods from abroad. They know that delivery and payment is due in three months, however the value of that payment is always open to change due to currency volatility in the market, volatility that could eliminate profits on the project.
FIRMA Foreign Exchange's forward contracting foreign exchange service fixes the exchange rates today to remove that risk and protect the project investment, pricing, and revenue goals.