Featured In: Your Business Magazine

How SMEs Can Avoid Costly Currency Pitfalls

If you read our article and you want to learn more, please contact us or book an appointment.

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Currency Swings Are Unpredictable

Exchange rate movements are effectively a random variable on a company’s bottom line.
The impact of realised currency risk is often unseen until it’s too late: Periods of relative market stability breed complacency.

SME business leaders should take proactive measures to insulate their earnings and protect their investments from the damaging effects of unfavourable currency fluctuations.

Read on to find out how!

Avoiding Currency Pitfalls

SME Business Owners face constant challenges from all angles, and currency management is no exception.

Whether it's bad advice, poor rates, or currency swings impacting your bottom line, we have you covered.

  • Dependable Advice

    Clear, actionable guidance, not sales-driven recommendations. We help you understand your options and make better decisions for your business.
  • Honest Pricing

    No hidden margins or surprise fees. Fixed and transparent pricing, with benchmarking tools to ensure our incentives are always perfectly aligned.
  • Effective Strategy

    A tailored FX strategy that proactively protects your profits and supports your business goals, not just last-minute reacting to market moves.

Everything's Fine; Until It Isn't.

Don't get caught out by sudden market swings!

Markets move fast, and FX swings can hit your bottom line before you’ve had time to react. Our article in Your Business Magazine explores why SMEs need to plan ahead, not just hope for the best. My phone really does ring most when the proverbial hits the fan! From building a currency strategy to avoiding reactive decisions, we show how proactive currency management protects profits and keeps you in control.

Don’t wait for the market to move – contact me today.

Harry Mills, Director

Your FX Next Steps

Creating an effective currency plan needn't be overly complex or difficult, but if the steps below seem out of reach, we can do all of this work for you!

Inside The FX Market

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    Expert Review: The Price Is Right

    A few industry secrets and FX truisms to be aware of as you embark upon improving your currency management.

Keep It Simple

The best currency programs have clear and known potential future outcomes. SMEs should be cautious of structures with spot rate path-dependent outcomes or unclear downside exposure. Simple is best.

Too Good to Be True?

The good news now, the bad later!

Contracts offering better-than-market rates are tempting, but they can come with costly conditions like disappearing hedges, doubling trade amounts, or punitive "knock-ins".

Beware Sales Manipulations

FX dealers are highly targeted and work to commission-led incentive schemes that can distort advice and client relationships. Month-end deals and forced urgency reflect sales targets, not client needs.

What makes us different?

There’s plenty of choices when it comes to currency providers, but we’re proud to stand apart from the crowd.

Read Our Quick Guide

Learn the basics of managing business currency risk and get started today!

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Don't just take our word for it

  • Team member
    Steve
    Chief Financial Officer

    The team at Oku Markets are a breath of fresh air. They take the time to understand the business and areas where they feel they can help. This is not just a five-minute call but a series of discovery meetings, face-to-face whenever possible. Oku is now a trusted business partner.

  • Team member
    Jamie
    Company Accountant

    Our account manager is always available to us, and his knowledge and advice have served us well in all of our ventures so far. The platform is clean and intuitive and makes booking trades a very straightforward process. We look forward to continuing and expanding this relationship.

  • Team member
    Chris
    Group Chief Financial Officer

    The team assisted the Group in defining our FX Policy with aim of minimising downside risk whilst keeping it relatively straightforward. The resulting policy is working well, giving the Board peace of mind and the finance team a professional, responsive, proactive service.

How We Help Businesses

We are a specialist currency management business with solutions designed for SMEs and Corporates
  • Global FX & Accounts
    Trade, pay, and be paid in 130+ currencies, multi-currency and local collection accounts, all managed online 24/7.
  • FX Risk Management
    An extension of your finance team, we provide genuinely bespoke strategies and detailed analytics to meet your objectives
  • Trade Finance Solutions
    Flexible Trade Finance solution providing you with credit to help finance your international goods and services.
  • 130+
    Currencies to trade and pay
  • 200+
    Countries to transact in
  • 35+
    Local collection accounts

The Complete Currency Solution

We seek to simplify the trading experience, empower clients to seamlessly make and take payments, and guide them through volatile markets to achieve their goals.

Convert 130+ Currencies

  • Exchange online or talk to a trader
  • Use FX Orders to capture market volatility
  • Secure rates up to five years with Forward Contracts
  • Trade confidently with fixed, fair, and transparent pricing
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    Receive funds in 35+ Currencies

    • Currency accounts in your name, not ours
    • Free to open, no minimum balances, no bank charges
    • Accounts outside of the UK to trade like a local
    • Competitive rates on every exchange with fixed pricing

Pay to 200+ Countries

  • Pay via SWIFT or local clearing
  • Mass pay to thousands via file upload
  • Keep control with 2FA and approval models
  • Pay from an exchange, a balance, or a forward
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    Manage Currency Risk Expertly

    • Make better decisions, free from emotion
    • Protect profits from adverse currency fluctuations
    • Bring predictability and certainty to future cash flows
    • Achieve your budget and goals, identify funding gaps
  • The service is always excellent, the staff are always on hand and exteremely quick to answer any queries or provide information when required. They have found the time to call up and meet with me personally even though we are at opposite ends of the country, they are always at the end of the phone also and very quick and reliable to respond to any emails.
    Luke, Financial Controller

Can you afford to take the risk?

Did you know that large corporates tend to be better prepared for currency swings than SMEs?
  • 72% of SMEs
    Incur losses due to currency fluctuations
  • 57% of CFOs
    Report lower earnings due to unhedged FX risk
  • 90% of Large Firms
    Have a formal FX Policy

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Ready To Take The Next Step?

Schedule a discovery call to discover your new advantage
  • Harry headshot white wall copy
    Harry Mills
    Director
    Currency risk management and foreign exchange expert
  • Team member
    Olly Stokes
    Commercial Director
    Corporate foreign exchange risk management specialist