Guides

Our premier property partner in Dubai has a client that is purchasing a property for AED 2 Million, and is looking to convert their funds from USD to complete the purcahse.

By using Privalgo’s tailored approach and marketing leading technology, they can save her up to 5% (AED 40,000) versus her high street bank and she sends $545,000** from her USD account for the purchase.

Privalgo convert the funds and send to the vendor directly.

If the trade profit was 1%= $5,450 (AED 20,000) you would share 30% of the revenue.

When pricing up an invoice for local customers when importing, businesses need to consider the local exchange rate of the suppliers and factor this in their pricing. This is called a budget rate or costed level. The same applies when exporting – the cost of production or sale locally needs to be calculated when invoicing customers overseas. The budget rate is the exchange rate that a company’s financial management uses to draft budgets and establish business objectives…. Download to Read More

Questions you should think about when forecasting currency needs, budget rates and payment terms: