"Amy, how can we manage foreign exchange risk better for our international placements?" Expanding into international markets offers incredible opportunities for UK recruitment agencies. But many recruitment founders ask how do you manage foreign exchange (FX) risk when dealing with international payments? That's why PGC Group interviewed Jack Lane-Matthews Group Director/Co-Owner of WILLU FINANCIAL GROUP. Jack shared some valuable insights on how to mitigate these risks and seamlessly handle US transactions. Here are some key takeaways 👇🏻 🌎 Use US-based bank accounts to receive payments in local currency. 🌎 Lock in exchange rates to protect your revenue. 🌎 Build a virtual US shopfront to enhance your business reputation. But that's not all we covered, if you'd like to find out more ways to manage FX risk and ensure smooth international operations, watch the full interview here ➡️ https://lnkd.in/e8TXY5BK
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"Why do I need a US currency account when doing business in the US?" Here's some pointers I've picked up from working with businesses expanding to the US... ⛔️ When pricing your contracts in USD, be aware that the exchange rate may change by the time you are paid. This will impact commissions for UK based consultants. 💰 Pay in US dollars. Winning business overseas is the first hurdle, so ensuring you look professional and reputable with the right currency account to reflect local client's currency is imperative. If anyone has any other pointers to add, please comment for my network! We get asked this question a lot at PGC... #usstaffing #recruitmentindustry #internationalexpansion
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The UK has long been a major player in the international commodities markets. 🌍 Now, more than ever, the UK must focus on enhancing its position in this ever-evolving market. 📈 We need to ensure that our businesses remain competitive and agile, and that our financial services and regulatory regimes remain world-leading. 💼 We should also look at ways to encourage more innovative approaches to trading, such as greater use of digital technology and data. 📱 By doing this, we can ensure that the UK remains at the forefront of the global commodities markets and continues to provide rewarding and lucrative opportunities for businesses and investors. 🤝 #GlobalCommodities #UKEconomy #CommoditiesMarkets
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Asian markets are different from the Western ones. But, globalization is pushing brokers to expand. Hong Kong's largest #FXbroker, Emperor Financial Services Group, is going for Europe. It is preparing to apply for licenses in the UK and Cyprus. I recently spoke to Brian Tsui, who shared the plans of the Hong Kong broker to enter Europe. EFSG is a big name in Hong Kong, but it hardly has any presence outside Asia. The strategy it is relying on to penetrate Europe is interesting. "When we go into a new country, a new area, maybe we can start working with those Chinese communities," Tsui said. "This is how we can leverage ourselves, leverage our brands. At the same time, we wish to share and introduce EFSG to those new non-Chinese clients." Yes, the broker will leverage its popularity with the Chinese community and the popularity of its parent brand to expand. The broker also targets institutional clients who now cover 15 percent of its client base. Among the rest, 45 percent are direct clients, and 40 percent were onboarded under the agency model. The link to the full interview published on Finance Magnates is in the comments. #broker #cfds #fx #trading #retailtrading #forex Emperor Financial Services Group
The Evolution of Hong Kong Broker Emperor Financial Services Group by CEO Brian Tusi
https://www.youtube.com/
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Expanding into the US can offer substantial growth opportunities for recruitment agencies. However, managing foreign exchange (FX) risk is crucial. And when foreign exchange is mentioned, the first point of contact for PGC Group is always Jack Lane-Matthews from WillU Financial Group 👏🏻 In our latest blog Jack explains how UK recruitment agencies can mitigate risks when exchanging money generated in US dollars to their UK business or vice versa. Want to learn more? Catch the full episode below 👇🏻 https://loom.ly/fXCpgII
How to Manage Foreign Exchange Risk When Doing US Business
https://www.youtube.com/
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International Currency Specialist - Helping businesses achieve growth through their worldwide currency payments
This is where client care is key..... The most important thing to me is making sure my partners and clients are happy with the service myself and Halo Financial Ltd provide them. Whether you're: 🌍 Importing and exporting goods and ingredient's from around the world. 🌍 Sending money to friends and loved ones abroad. 🌍 Buying or selling a property overseas. 🌍 Relocating to a new country. 🌍 Paying staff overseas. 🌍 The list goes on..... You need a trusted partner to identify the right global solution for all your currency exchange needs and will work with you to evolve throughout the relationship. 📈 FX rates can experience large swings in just a matter of moments and I'm here to navigate our customers through those markets. 📈 Even small fluctuations in exchange rates can have a big influence on the amount of currency you are buying or selling. This is where getting the right guidance, service and exchange rate makes all the difference. I can help you save thousands on your currency transactions ..... When you need to exchange large amounts of money, having a partner you can trust to provide you with the best service and get you the best possible exchange rate is crucial. This is where I come in everyday to help you protect your profits and grow your business! Personally I minimise the impact of currency changes on my client's bottom lines by taking the time to understand your individual needs, issues and goals. I know that client care is key so please reach out and hopefully your recommendations will be the same as the one attached to this post #internationalbusiness #globalmobility #internationaltrade #relocation
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Come along to the next Port Nelson Export Hub event with PwC Executive Director Tom Lawson. Hear valuable market insights to assist you in managing foreign exchange exposures and other market-related risks, such as interest rates and commodity price volatility. You can register to attend the event (Wed 23 Aug, 1.30pm @ Mahitahi Colab) here: https://lnkd.in/dNcMdXzp #nelsontasmanchamberofcommerce #exporthub #portnelson #exportinsights #exporting #nelsontasman
☀️ Nelson based importers and exporters! 📈 Last minute registrations available for this opportunity to come along and hear our team deliver an economic update, specifically discussing financial markets and how you might look to manage your FX risk. 💡PwC Executive Director Tom Lawson, AMCT will be presenting at this early afternoon event on Wednesday, 23rd August at 1:30pm at the Mahitahi Colab, 322 Hardy Street, Nelson. 🏢 Proud to support the Nelson Tasman Chamber of Commerce and their Port Nelson ExportHub series. 🔗 To register:
Port Nelson Export Hub: Economic & FX Update w PwC | Nelson Tasman Chamber of Commerce
commerce.org.nz
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Taking your business global? Foreign exchange companies play a vital role in supporting import-export businesses by providing a range of services that facilitate international trade, mitigate risks, and optimise financial operations in a global market. Monetae FX are here to support your expansion. #GlobalBusiness #CurrencyExperts #ForexSupport #TradeSmart #ImportExport #MonetaeFX #ForeignExchange
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We issue a comprehensive range of Unsecured Trade Finance Instruments which include LC at Sight, Usance LC, SBLC, Bank Guarantees, PG, POF & Pre-Advice Message, Comfort Letters, RWA Messages.
Don't miss out on mastering the art of effective trade deals with POF. Watch now, empower your transactions, and navigate the complexities of international trade with confidence! Contact us today and let's make your trade success a reality! #TradeSuccess #POFExplained #InternationalTradeRevolution #TradeTransformation #POFInsights #GlobalTradeSuccess #InternationalTradeTips #FinancialDocumentation
Are you ready to transform your international trade deals? Dive into our latest video where we unravel the essentials of Proof of Funds (POF) in trade transactions! POF isn't just a document; it's your assurance of financial readiness, crucial for establishing trust in global trade. We cover everything from the types of POF documents like bank statements and lines of credit, to their vital role in trade finance and risk mitigation. Understand how POF influences trade deal structuring, adheres to legal and regulatory standards, and how it can secure better terms for your transactions. We also tackle the challenges and best practices in obtaining and presenting POF, ensuring you're equipped with the most accurate and up-to-date financial information. Don't miss out on mastering the art of effective trade deals with POF. Watch now, empower your transactions, and navigate the complexities of international trade with confidence! Contact us today and let's make your trade success a reality! #TradeSuccess #POFExplained #InternationalTradeRevolution #TradeTransformation #POFInsights #GlobalTradeSuccess #InternationalTradeTips #FinancialDocumentation
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Co-Owner & Director at WillU Financial Group
2wI probably enjoy speaking about this too much 🤣 Happy to help any recruitment founders whether clients or not 📞 Thanks as always to you Amy Davies , Maria Drye and the rest of the amazing PGC Group team 🙌🙌