The above question isn’t quite as absurd as it might appear to be at a first glance.
Let’s be clear – nobody is suggesting for one moment that the major banks in Australia are untrustworthy in the sense of the legality of their operations.
The spot contract is the mainstay of foreign currency conversions.
Here is a quick overview of how they work and a brief mention of some potential alternatives.
Leaving aside the very difficult business of finding the right supplier or winning commercial business to supply something to your customers to begin with, the typical Australian importer and exporter will be faced with three major challenges in the financial area:
There is an old saying in Financial Services that the markets never sleep.
In fact, that was correct even before the advent of modern information technology towards the last decades of the twentieth century but today the integrated high-tech world makes it truer than ever.
It goes without saying that we at Forex Group would like to have your business! We’d like to prove that we are capable of delivering you a service and associated exchange rate that you will struggle to match elsewhere.
Know the Currency Exchange Process
Everybody these days needs to be careful about exactly who they are entrusting with their money.
The individuals working for the Forex Group have the same concerns in their own personal day-to-day financial lives and as a result, we understand only too well that our clients may want to be sure their funds are safe with us.