Volatility in the foreign exchange markets can making planning difficult for any business that deals with receivables and payments in different currencies. Your business may need to pay a an international supplier in a foreign currency on a future date but because you can’t predict the exchange rate, you won’t know exactly how much you will need in ZMW to make the payment. Not knowing can create uncertainties for your business and make budgeting harder.
Zanaco Forward Exchange Contracts – or Forwards for short - are the ideal solution for customers looking to minimise foreign exchange risk. Forwards allow you to buy or sell foreign currency on a date to come at a rate agreed today, giving you more certainty and allowing you to plan with confidence.