Manage the risk of doing international business
Don’t get caught out
It can be difficult to budget ahead when exchange rates shift between the time you receive an invoice and its due date.
Our experienced risk solutions experts are here to help you formulate a plan to manage currency risk exposures, aligned to your business goals and objectives.
You're in good company
Our global compliance experts work tirelessly to protect your payments.
Over 500 banks and financial institutions rely on Western Union Business Solutions for the processing of international payments. As a leader in our field, Western Union is often invited to collaborate with regulators in the development of compliance frameworks governing international currency exchange and money transfers.
Gain confidence in your cash flow
It can be challenging for businesses to identify where their cash flow is exposed to currency volatility.
Our experts are here to help you ensure the appropriate tools are being utilised to help you identify risk and keep cash flow running smoothly.
FEATURES AND BENEFITS
Lock in an FX rate for a future date up to a year in advance, so you can secure margins even if the market moves. This way, you know in advance exactly what exchange rate will be applied to your transaction.
It is important to keep in mind that when you book a Forward Contract you are obligated to exchange funds at maturity, regardless of what the available spot rate is at that time.
Secure a desired exchange rate by taking advantage of our 24-hour market monitoring facility. We watch the markets on your behalf, even while you’re sleeping, and either notify you if your target rate is reached, or process your order for you automatically if preferred.
If the market has moved in your favour, but you’re not due to pay for weeks or even months, Future Payments let you lock-in the current exchange rate up to 90 days in advance. Your bottom line is protected, your foreign funds are ready when you need them, and there’s zero upfront cost.
Option Contracts provide protection from adverse market developments while also giving you the opportunity to participate in favourable moves. In general, an Option will offer a lesser degree of protection in exchange for a greater degree of upside participation. This flexibility allows you to tailor your strategy to your specific requirements, hedging objectives and risk appetite.