You can reduce the cost of your boats for international clients whilst increasing your sales thanks to a wise use of the currency market.

Did you know to what extent exchange rate fluctuations can affect the price of your boats for your foreign clients?

Below is a graph of the GBP/EUR rate between June 1st and October 1st of 2012. You can notice a great devaluation of the Euro against the Sterling in July – this might have affected your company’s internal trades or your clients’ purchasing power in just over 1 month.

Let’s imagine you have a German client who wants to buy a £100,000 yacht from Euros:

On 6th Jun the GBP/EUR rate was at 1.2323, which means that the boat would cost them €123,230. Just over a month later, on 23rd July, the GBP/EUR reached 1.2851 which results in the same boat costing them €128,510.

That’s a difference of €5,280 on £100,000.

Moneycorp can help your company and your clients eliminate that risk by guiding them through the currency market and help them catch the best rate possible and protect them against currency devaluation and market moves. Their advice is free and with no obligation to trade, so don’t hesitate to contact Noemie Carriere or Lauren Bessent on  +44 0207 828 7000 or email [email protected] or [email protected] for more information.