GovernanceTransparent currency trade: How to achieve costs visibility

Transparent currency trade: How to achieve costs visibility

Do you know how much margin is being charged on currency exchange services?

Transparent currency trade: How to achieve costs visibility

It can be difficult for customers who frequently deal with currency providers to know how much margin is being charged on currency exchange services.

Providers supply a rate that combines the mid-market rate set by the Forex market, and the supplier margin, which represents the additional charge to cover providers’ costs and generate profit. Customers are therefore in the dark as to how large a margin has been charged.

To achieve full visibility, customers can receive the costs of the trade as a fixed percentage on top of the mid-market rate, allowing full transparency of all costs and charges.

Take the first step towards full visibility by downloading this resource from marginexpert.com.

Related Articles

Corporate governance: staying ahead in accountancy

Corporate Governance Corporate governance: staying ahead in accountancy

2m Alia Shoaib, Reporter
Increased government spending partly offset by high tax revenue

Governance Increased government spending partly offset by high tax revenue

3m Alia Shoaib, Reporter
Adapting to change: Regulatory developments leading the way in CFD trading

Business Regulation Adapting to change: Regulatory developments leading the way in CFD trading

4m Emma Smith, Managing Editor
How and why to support clients with the RBS GRG complaints process

Business Regulation How and why to support clients with the RBS GRG complaints process

9m Accountancy Age editorial
UK business needs ‘ocean of answers’ on Brexit, says ICAS chief

Governance UK business needs ‘ocean of answers’ on Brexit, says ICAS chief

9m Emma Smith, Managing Editor
HBOS in 2017: The ongoing scandal

Business Regulation HBOS in 2017: The ongoing scandal

4m Emma Smith, Managing Editor
5 ways business models can affect VAT liability

Governance 5 ways business models can affect VAT liability

5m Emma Smith, Managing Editor
Six items for your pension governance checklist

Governance Six items for your pension governance checklist

8m Emma Smith, Managing Editor