Since starting City Forex in 2004, we have regularly been made aware of our client’s requirements for non-major currencies. Whilst over 85% of international FX relates to flows between USD, JPY, GBP, EUR and CHF, the increasing globalisation of trade has meant that more companies are transacting in the so called ‘exotics’. Buying exotics can be very expensive, and payment turnaround times differ vastly.
We have recently become one of a select few providers in the UK to offer an exotics service and can offer our clients a cost effective alternative to the current providers, with our usual excellent service levels. As usual we need to see full details behind any transfer, including source of funds and the reason for the transaction.
We currently offer the following exotics :
|CNY||Chinese Yuan Renminbi|
|XAF||Central African CFA Franc BEAC|
|SLL||Sierra Leonean Leone|
|PEN||Peru Nuevo Sol|
Please speak to your dedicated dealer to discover how you can benefit from this service.