UK retailer uses flexible FX hedging strategy to secure profit margins and establish visibility

Find out how Argentex has helped a UK water sports retailer align their international payments strategy with seasonal cashflow.   

The problem: Dwindling profit margins 

In times of market instability, importers without a dedicated FX strategy are at the mercy of fluctuations in currency markets. As a specialist in water sports, one of Argentex’s London-based clients imports paddleboards from the US to sell to consumers, boasting approximately 10,000 customers, including schools across the UK. With an annual exposure of approximately six million pounds, the retailer purchased US dollars as and when they required stock. Business was consistent. However, due to volatile currency markets, the team had been struggling to sustain 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

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Argentex Group plc

More articles like this

Argentex Group plc

Argentex appoints Guy Rudolph as Interim Chief Financial Officer

Argentex Group PLC (LON:AGFX), the provider of currency management and payment solutions to international institutions and corporates, has issued a trading update for the year ended 31 December 2023 and announces the appointment of an Interim CFO. Argentex

Argentex Group plc

Testing the Future: FX scenario modelling for all

Effective control of foreign transaction fee budgets means FX scenario modelling. Danny Ross, Managing Director, Argentex, a global payment and currency risk management specialist, tells TMI why. Every business setting cost pricing or managing its budget

Argentex Group plc

GBPEUR: Sterling retains a slight edge over the euro

Sterling retains a slight edge over the euro, both fundamentally and technically, as the Bank of England’s tendency is toward communicating a less dovish message than the European Central Bank, and some pockets of eurozone data

Argentex Group plc

How the fintech mindset is shifting

With the rise of embedded finance, many businesses are now firmly looking to harness collaboration. Successfully integrating technologies into business operations and streamlining the client journey are top of the agenda for many providers. Making a

Argentex Group plc

Defining FX risk in global boardrooms

For most CFOs and finance teams, FX is not a major priority and is often seen as ‘noise’ or a distraction from bigger issues – until it goes wrong. Download our research report with comprehensive insights

Argentex Group plc

Top 5 considerations for your 2024 budget rate

Join Argentex for a live webinar and find out how leading CFOs arrive at their annual budget rate.  As finance teams across Europe set their budget rates ahead of the year’s end, what must finance and