The relevance of currency for import and export.
Fashion companies have important import and export activities. They are impacted by currency fluctuations and working capital issues.
1. Minimise the impact of currency fluctuations.
Fashion companies purchases from suppliers in multiple countries with highly volatile currencies. This generates recurring payments. MatchPlaceFX assists Fashion companies to plan ahead by understanding their financial projections to help manage their current and future Foreign Exchange risk.
2. Use competitive and stable exchange rates to price while protecting your margins by hedging those rates.
MatchPlaceFX offers options such as forward contracts, which fix your exchange rate for up to twelve months in the future.
3. Cash flow management with currency tools.
Sales cycles are long in the Fashion industry. MatchPlaceFX provides a platform to manage currencies affecting cash flows.