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  • Home
  • About
  • Currency Tools
    • Live Charts
    • Live Charts
  • Services
    • Exchange Money
    • Send Money
    • Receive Money
    • Currency Strategies
    • Webinars
    • Currency Consulting
  • Partner with us
    • Banks & Credit Unions
    • Accountants
  • Contact
  • .
    • Log In
    • Open Account

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Ask the Expert


    The currency has already moved against us, what can we do now anyway?

    “Currency never moves only in one direction.  There are opportunities throughout the year to capture beneficial moves, sometimes only lasting very short periods of time.  Companies have to be prepared to take opportunities when they arise, not look back and wish they should have”

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    How much can you save by getting a better rate?

    Everyone loves to save money. We can save customers plenty of money with our ultra-competitive rates. We have been surprised how much money some companies, even the largest ones are paying. We love to help customers save.

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    How can I send money overseas?

    Castle Currency makes it extremely easy. Once your payee info and banking details are entered you simply log in enter the amount you need to send, get the currency rates and off it goes. Simple, quick, and at your fingertips.

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    What exactly does “no Fee” mean

    Nothing in life is free. Typically dealers take their profits in the currency rates. We will guarantee you get a consistently better rate using Castle Currency

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    The currency has already moved against us, what can we do now anyway?

    Currency never moves only in one direction. There are opportunities throughout the year to capture beneficial moves, sometimes only lasting very short periods of time. Companies have to be prepared to take opportunities when they arise, not look back and wish they should have.

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    Doesn’t placing forward hedges only delay the inevitable?

    This is not correct. A company, for example, that hedges forward 12 months allows itself the flexibility to extend its protection anytime throughout the upcoming 12 months. Companies that rely on exchanging funds as needed are taking the price available at the time, regardless of how poor it may be. It is true that prolonged major trends will eventually catch up to all companies, though companies hedging their exposure forward will have much more time to adjust to any new price levels and may not have to suffer so long at undesirable rates.

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    Why would our company need a defined currency strategy?

    Currency, more than any other item, can affect the profitability of the company.

    Though anyone is capable of making trades, improving the execution price directly increases your profit. Valuable advice from a currency expert can add 10% or more directly to your bottom line.

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    Isn’t placing a hedge speculating?

    Only if you are unsure if you will receive or need those funds. However, by doing nothing when you do have risk you are speculating or hoping that the currency will not cause your business any harm.

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    How do you compare exchange rates?

    Great, question! Go to our live charts and compare our rate real-time to your dealer. We guarantee we will provide you a consistently better rate.

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    What are TARFs? And should we use them?

    Our opinion stay away. High risk and uncertainty.

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    Are options Risky

    We do not sell option nor feel they are a good fit for most companies. They can be overly complex and create more risk at times. They also have a much higher profit margin for the dealers.

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    What are zero cost forwards

    Nothing in life is free. These are a cute name for options. To make it zero cost you must give something up. Typically they are setup that you would take twice as many options as you are trying to cover. Meaning if it goes in the wrong direction you have locked in twice your protected amount. We think there are smarter ways to manage risks.

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    Castle Currency Exchange Inc.
    888-956-2423
    info@castlefx.com
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