Case Studies

Uncovering great savings

By Smart Currency June 26th, 2012

A leading mineral exploration company controlling large-scale projects in the Democratic Republic of Congo and Mozambique, this Smart Currency Business client’s primary activity involves scouting out areas to conduct exploration programmes in search of gold and other valuable minerals.

With suppliers and employees spread across Europe and Africa, they are constantly dealing with transactions in a number of currencies, including euros, sterling, Canadian dollars and South African rand.

Having grown concerned over the poor exchange rates offered by their bank, their Financial Director was urged to check out Smart Currency Business. The difference he discovered was startling. “Smart Currency Business conducted an analysis of the rates that we were getting through our bank and compared it against what we would be getting if we were using them.  The difference he discovered was startling. “Smart Currency Business conducted an analysis of the rates that we were getting through our bank and compared it against what we would be getting if we were using them. I had never imagined we could make such a big saving. I now regularly perform comparisons and Smart Currency Business’s rates are consistently the best”.

As well as the competitive rates, it was the ease with which each transaction was made that appealed: “Being able to deal with our transactions over email and on the phone has freed up valuable time to concentrate on other areas of the business. The main draw of Smart Currency Business is the rates, but the fact that it makes our life so much easier is a fantastic added bonus”.

The client went on to explain how the personal service offered by their trader improved the service: “The service has always been exemplary. Having one broker assigned to you removes any of the apprehension that you feel when transferring large sums of money. Having a face to put to the company, rather than just a website or a call centre, helps a great deal and gives you complete confidence when doing business”.

When asked to sum up their dealings with Smart Currency Business, they were happy to elaborate: “The service received is fast, efficient and pain free but by far the most important factor for us is the significantly better rates that we are offered. These don’t just make a small difference to our business, they save us real money. On a typical year they save us between £20,000 – 25,000”.

For more information, get in touch with the team at Smart Currency Business, contact us on 020 7898 0500 or email [email protected]