Hermex account executive contacted a company in the fashion industry a few months back to introduce Hermex services. After an informative conversation regarding the potential savings and the services Hermex could provide, the company where keen to receive more information about Hermex and was interested to compare rates thereafter.
A few days later the company wanted to compare rates on a payment of 150,000 Euros to pay their supplier in Portugal.
After comparing historic rates given by their previous currency provider it was established that the company could have potentially saved Thousands on their transactions.
The company decided to open a Hermex account and started saving on their payments instantly. Now, the company is happy that the rate they receive is the most competitive with no transfer fees. The payment is sent the same day, and the company knows they are kept up to date with any currency fluctuations that may affect the currency requirements for their business.
Example of transaction
Company needing to make payment of 150,000 Euros
Cost to Buy Euros:
|Current Provider||1.14||GBP£ 131,578.94|
|Hermex International Ltd||1.15||GBP£ 130,434.78|