020 7898 0500Industry Overview
The construction industry is notorious for its thin margins and complexity. With daily changes in the value of goods, timing is everything. From the soaring costs of raw materials like steel and timber to the complexities of international logistics, your profitability is constantly exposed to the whims of the currency markets.
Whether you’re a Tier 1 contractor sourcing specialised machinery from Germany or a developer managing a multi-year project with an international supply chain, currency fluctuations can turn a profitable build into a deficit overnight. At Smart Currency Business, we understand that in construction businesses require certainty over their budget at every stage of the build.
Key challenges
When it comes to navigating currency markets, construction firms face unique risks.
Material price volatility
The cost of imported materials (aggregates, steel, glass) can shift between the tender stage and the procurement phase, eroding your forecast margins.
Long-term projects
Construction projects often span years. Without a strategy to hedge against long-term currency shifts, your initial budget becomes a moving target.
Overseas sub-contractors
Managing payroll and payments for overseas specialist consultants and labor requires efficient, low-cost international payment rails.
Equipment procurement
Large capital expenditure (CAPEX) on machinery from overseas markets requires precise timing to avoid overpaying due to sudden dips in exchange rates.
Download our latest Quarterly Forecast
How will an unstable economic landscape impact UK construction businesses this quarter. Read our latest Quarterly Forecast for expert analysis of all the trends that could affect your cashflow and net margins this quarter. Plus, get your exclusive key events calendar and exchange rate forecasts from leading banks.
Case Study
Building resilience
Read how we helped this construction materials supplier go from making risky spot payments to maximising performance against budgeted rates.
Managing currency exposures is key in volatile markets. Our team were able to implement a range of risk management strategies to mitigate this company’s exposures.
Strategic clarity
We helped this construction business leverage risk management to hit its objectives.
Beyond the rate
Our expert guidance reduced sensitivity to interest rate shocks.
Safeguarding growth
These solutions set the business up for cashflow security and expansion.
How we work
Trading with us is simple
Follow our streamlined steps to navigate currency markets effortlessly.
Open an account
Opening an account with Smart Currency Business is simple.
Quick and easy
Complete the enquiry form below, or give us a call.
Guided process
Our team will be happy to guide you through the process.
