money transfer – foreign exchange

Hi –

Just looking for some advice from members in a similar position here. We are an IT company based in UK but with revenues in US dollar and also Euros. We have traditionally decided to not hedge but given recent violent moves its become more than a necessity to setup a plan to at least consider hedging or at least improving our treasury management. We do have a hedge provider at the moment but I’d like to ask the community if they have any physical FX providers they’d recommend – i.e. firms that can provide a really competitive cheap and fast transfer process especially for sterling to euro. We have used transferwise a couple of times which was relatively painless. We also had a meeting with exchangefair.co.uk last week who promised they’d match transferwise’s rate or better and also provide advise and market commentaries but we haven’t used them before. We used to use currencies direct but quite frankly their rates were horrific. Can anyone on here please recommend who they use?

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