Chamber Foreign Exchange

Currency fluctuations can have a negative effect on companies when trading overseas. This competitive foreign exchange service is exclusive to Greater Manchester Chamber members who are looking to protect their business against adverse rate fluctuations.

Last year's EU referendum has generated a number of issues for the UK to contend with, not least around the future of direct access to the EU. With this has brought huge amounts of uncertainty and currency fluctuations. Our Strategic Partners AFEX, with their dedicated Manchester office, are able to spend valuable time with clients to understand their industry, provide insights from across their markets and guides you through the complexities of international payments and FX trading.

"Prior to working with AFEX we had been using the services of our bank and another f/x supplier to process our foreign currency payments around the world. However, since switching the operation over to AFEX, we have been able to reduce our costs (telegraphic transfer fees), improve the rates of exchange we obtain and utilise their efficient, clear system for making the payments to our clients suppliers. This has all been a great benefit not only to ourselves, but to our customers here in the U.K. whom we are able to share in our cost savings and improved rates of exchange. The location of AFEX in the centre of Manchester was also an important part of our decision to move over to them. Being in the centre of the city made it very easy to keep in contact and visit them. We have met the team on a few occasions now at their offices on King Street and they are always extremely helpful, polite and professional. We look forward to continue working with them in the future to our mutual benefit." - Mark Frost, Creative Capital 

Key benefits 

  • Benefit from their expert market analysis, allowing you to mitigate risk from currency movements and navigate international markets with ease

  • Trade wherever you need with international payments, helping clients process payments to more than 180 countries around the clock every day

  • They are always here to help, your dedicated Account Executive will always be just a call away to help

  • Efficiency when making payments, with 24/7 access to the FX market

  • Stay on top of your payments and balance using your AFEXDirect online dashboard

  • Connect your technology ecosystem or ERP software to their systems through their developer friendly API when managing a high volume of payments

  • FX and risk management strategies to protect your margins and improve your budget forecasting in the short, medium and long term

Chamber Foreign Exchange will assess your:

  • Exchange rates

  • Speed of payments

  • Credit terms

  • Transfer fees

  • Impact of currency movements on your payments

  • Online capabilities

If you are interested in finding out more about Chamber Foreign Exchange or wish to book your free assessment, please email exportbritain@gmchamber.co.uk and a member of the team will be in touch.