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Business Solutions in Foreign Exchange Combining the Best Rates with Currency Transfer Services for Corporations

FX DEALINGS

KBR Foreign Exchange Limited (KBRFX) is one of the market leaders in the foreign currency exchange sector. Combining preferential rates of exchange with a personalised service and a highly pro-active approach KBRFX is able to provide secure and cost-effective money transfer solutions for all currency requirements for any business.

Anyone from sole-traders to corporations can benefit from using our services. KBRFX is able to drastically reduce the costs incurred on foreign currency transfer for the sale/purchase of goods or services by providing much keener rates of exchange than high-street banks and eliminating unnecessary, often over-inflated, charges for sending and receiving funds.

SPOT TRANSACTION

On the 27th July 2010 a UK based fruit importer had to transfer money for a consignment of goods. The total cost was 75,000 Euros. The company needed to send the payment immediately for the goods to be shipped. They sourced a price from their high-street bank and compared it with KBRFX.

 High-Street BankKBRFX
Exchange Rate 1.1654 1.1894
Transfer Fee £ 24.00 £ 0.00
Total Cost £64,331.59 £ 63,057.00
Saving   £ 1,274.58

FORWARD CONTRACT

On the 17th June 2009 a UK based furniture company placed an order with their Chinese supplier to the value of $250,000 for a new range of products to be delivered in March 2010. The company booked the currency with KBRFX on a forward contract for that date in order to prevent losing money if the rate moves down.

 DollarsPounds
Cost of Goods (June '09) $250,000 £ 153,374.24
Cost of Goods (March '10) $250,000 £ 165,562.92
Cost of Goods (secured forward rate) $250,000 £ 153,846.15

This proved to be beneficial, as over the period between the order and the delivery, the currency rate did indeed move down. By securing the currency rate on a forward contract to protect against a downward movement in the exchange rate, as opposed to waiting to purchase the currency when the goods are due, the company saved £ 11,716.77 and paid no transfer fees.

FX AND MONEY TRANSFER SERVICE

As well as providing cost saving solutions KBRFX takes a very pro-active approach to the requirements of each business. We are well aware of the direct effect of currency exchange rate movement on profitability. With this in mind, KBRFX ensures that all clients are kept up to date with all the latest market news and exchange rates by providing daily and weekly currency market updates via a free, subscription-based e-mail service. KBRFX does not charge any transfer fees for amounts of over £3,000.

APPLYING

Opening a trading facility with KBRFX is very simple, and takes no more than a few minutes. It is completely free. There is no set-up, registration costs or monthly fees and it can even be done paper-free by using our online foreign exchange application.

 

  KBRFX has been identified as one of London Stock Exchange’s 1000 Companies to Inspire Britain. The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses. To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers. Read More

KBR Foreign Exchange Ltd was recognised with an "Outstanding Company" award in 2015 by Plimsoll Publishing Ltd. On an annual basis Plimsoll Publishing Ltd, as the world's leading provider of market reports and company analysis, awards the accolade of "Outstanding Company" to a very select number Read More..

KBR Foreign Exchange Ltd – Top 100 Essex Businesses 2013 and 2014. The Essex Limited report, undertaken by and Grant Thornton financial advisers and Birkett Long law firm has revealed that KBR Foreign Exchange Ltd is among the Top 100 Essex Businesses for two years running based on the results of 2013 and 2014. Read More

In November 2012 Deloitte LLP has identified KBR Foreign Exchange Ltd to be amongst 1000 best performing businesses during the recession businesses in the UK. Findings of Delloitte LLP are always considered on the highest levels of UK business and government, including the cabinet ministers. Read More

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