With holiday packages at peak demand, travel businesses are faced with fluctuating currency markets and payment terms that leave them vulnerable to losses. Read how Argentex has helped our travel industry clients overcome the uncertainty of currency volatility with Forward Contracts.
Problem: Payment terms that leave businesses vulnerable to financial losses
One of the main challenges affecting the profit margins of holiday package providers is fluctuating currencies from the time of booking to the time of receiving final payment for a given holiday. Argentex has worked with various clients across the travel industry, helping them navigate the complexities of staggered payments and reduce the impact of FX movements on their profit margins.
Argentex Group plc (LON:AGFX) is a leading provider of bespoke currency risk management and payments solutions for businesses and financial institutions