We’ve made a small but crucial change to our system to allow manual input of currency exchange rates against individual orders, enabling users to choose to set the rate at any time. This means they can value, or revalue the contract at the point they purchase the currency, rather relying solely on the default table rate throughout the lifetime of the order.
Essentially this means that anyone doing forward contracting can now set a currency value rather than using a table, which could make a huge difference to customer margins for those of you involved in importing on a regular basis.
It’s amazing how much work such a seemingly simple change can create, but we’ve ironed it all out so it’s simple and straightforward for our customers to use. If you have any queries on this, please give us a call and we’d be happy to talk it through.