Hermex International approached a company in the Steel industry to discuss the potential benefits of using our corporate currency services for their foreign exchange requirements. The company being a manufacturer of steel products for the Automotive, Aircraft and Machined Parts industries sends money all over Europe has a need to exchange currency. Previously they used their bank to make their foreign exchange payments. Their currency requirements were quite specific because of clients paying them monthly in Euros.
After a couple of rate comparisons with their bank it was clear to see that a substantial saving could be made by using Hermex International to exchange their currency so the company decided to test the water with an upcoming payment.
Their first trade was to sell EUR€ 350,182.29
| Provider | Rate | Amount |
| Company’s Bank Rate | 1.1601 | GBP£ 301,855.26 |
| Hermex International Ltd | 1.1440 | GBP£ 306,103.40 |
