Currency exchange by a legal entity: how to lower the conversion fee?

Currency exchange by a legal entity: how to lower the conversion fee?

When to take a dollar?

IN 2021 G. from April to June, the value of the American currency against the ruble fell by eight percent (with 77,9 – 4 April to 71,7 – 10 June). However, from June to July it increased by five percent (with 71,7 – 10 June until 75,33 – 8 July). For a strong epidemic course 2 times approached the mark 80 RUB/USD. (19.03.20 And 02.11.20), the repeatability of these levels is extremely high, because. the fight against the virus is far from over, and the recovery of the world and the economy of the Russian Federation may take longer.

Almost all companies are connected with export and import, they need currency on an unchanging basis, regardless of the situation in the economy. However, how to reduce spending in monetary transactions?

How banks make money on the exchange rate?

For the majority of buyers and sellers of foreign currency in Russia, prices can be exchange or bank prices.. Exchange quotation is formed on the MICEX, banks themselves buy currency at this quote: Savings bank, VTB, Alfa Bank and others. The bank quotation is formed inside each bank and can differ significantly from the exchange, often in the worst direction for the client. Specifically, this bank can receive excess profits, especially in times of crisis.

How to take currency at the exchange rate?

In order for the company to prevent bank markups and take currency at the net exchange rate, it is necessary to open a brokerage account with a reliable broker * and deposit funds into a brokerage account. After buying currency, the company transfers it online to its own bank account, from which payment is made under the agreement. For example, BCS broker serves thousands of organizations and new companies open accounts every month.

Advantages of buying currency on the exchange:

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Buying currency at the rate of the Moscow Exchange. Ability to make a deal at that time, when the course seems attractive to you.

The ability to withdraw rubles or currency to the current account online on the day of the transaction

Transparent commission **, we charge?? from the size of the deal, but not "sewn" in the course.

Successful and understandable currency exchange process.

To enjoy these benefits, open a brokerage account with BCS and get access to purchase currency on the Moscow Exchange .

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