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Foreign exchange firm sponsors local manufacturing alliance

CurrencyWave is pleased to announce it’s sponsorship of the Calderdale and Kirklees Manufacturing Alliance (CKMA).

Calderdale and Kirklees Manufacturing Alliance (CKMA) exists to support local manufacturers. Run by manufacturers, for manufacturers it is a membership organisation who meet together to share best practice, experience and knowledge, bring together the local supply chains and encourage collaborative working.

CurrencyWave, based in Leeds, removes the pain and high cost that many manufacturers face when moving money around the world. A ground-breaking multi-currency account gives access to the global banking system with bank-beating exchange rates, fast/free international payments and currency risk management tools.

Using a specialist foreign exchange broker is a smart way to reduce hidden costs applied by banks and also helps manufacturers solve the problem of adverse currency movements affecting their profitability. Manufacturers may outsource part of their production overseas, import raw materials or run a foreign payroll meaning their profits can be subject to the variances of exchange rates. CurrencyWave can help manufacturers by identifying foreign exchange exposures and then implementing a strategy to mitigate this risk which is often exacerbated by long production cycles.

CurrencyWave provides:

  • A single IBAN account that can receive, hold and pay out in over 34 currencies
  • Access to near wholesale exchange rates
  • Flexible forward contracts
  • Free SWIFT international payments/receipts
  • A dedicated relationship manager
  • An FCA regulated and authorised FX platform

Jamie Holmes, director of CurrencyWave said: “We are excited to announce our association with the CKMA which is an important resource for local industry. Businesses in the North of England, including many manufacturers, are particularly underserved when it comes to accessing the services of independent foreign exchange brokers. Being based in Yorkshire means we are ideally placed to offer CKMA members a truly local service in global currency markets, something the London centric FX industry cannot provide.”