Since buyers and sellers in different countries rarely use the same currency, a U.S. exporter and the foreign buyer will need to agree on what will be used for payment in a transaction. This could be the currency of either party or even a third, mutually acceptable currency. By not actively assuming market risk, ZFX consistently focuses on sourcing the best prices in the institutional marketplace using cutting edge technology and providing best in class trading services Forex to ensure that the outcome of every trade executed at Zeal is purely the result determined by the market. The transparency in pricing ensures that Zeal is mainly compensated for its broking services through markups. Zeal group of companies is a business portfolio comprising regulated financial institutions and fintech companies specializing in multi-asset liquidity solutions in regulated markets backed by proprietary technology, with presence in major global locations.
- Zeal Group has eight global offices on three continents in prime locations and growing.
- U.S. exporters will want to mitigate the risk of fluctuating foreign currency rates.
- Zeal Technology Solutions Limited is a team of over 30 developers, coders, and FinTech experts based in Hong Kong.
- Access real-time rates for all the major FX pairs, plus up to 25 years’ historical exchange rates across 38,000 forex pairs.
While losses due to nonpayment could be covered by export credit insurance, such “what-if” protection is meaningless if export opportunities are lost in the first place because of a “payment in U.S. dollars only” policy. Selling in foreign currencies, if foreign exchange risk is successfully managed or hedged, can be a viable option for U.S. exporters who wish to enter the global marketplace and remain competitive https://www.ig.com/en/forex there. Zeal Capital Market Limited is a financial institution specializing in providing multi-asset trading services including currencies , commodities, indices and shares to institutional and retail investors, and is mainly compensated for its broking services through bid/ask price differences and/or commissions. U.S. exporters will want to mitigate the risk of fluctuating foreign currency rates.
Oanda Rate ® Data Currency Calculator
If you’re able to do business entirely in U.S. dollars, you may be able to avoid many of the difficulties and issues related Forex to currency conversion. For more on foreign exchange risk, view Chapter 14 of the U.S. government’sTrade Finance Guide.
Zeal Group is cross-connected with the world’s leading liquidity provider, the global data centres in London , Tokyo , and New York , and we are co-connected to the Equinix Data Center. Zeal Technology Solutions Limited is a team of over 30 developers, https://dotbig.com/markets/stocks/WIX/ coders, and FinTech experts based in Hong Kong. Zeal Technology’s mission is to build sophisticated back end connectivity, execution, aggregation, and CRM tools to meet the growing needs of institutional and professional clients worldwide.
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We offer a wide range of global CFD instruments, including indices, WIX stock, cryptocurrencies, commodities, metals and bonds. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements.
External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Not all currencies are freely or quickly converted into U.S. dollars. Fortunately, the U.S. dollar is widely accepted as an international trading currency, and U.S. companies can often secure payment in dollars. Zeal Capital Market Limited is part of Zeal Group, which does not accept or offer any products to Hong Kong residents or public. Moreover, while the Zeal Capital Market Limited is regulated and licensed in other jurisdictions and operates under strict regulations of those other jurisdictions, it does not offer any of its products to the Hong Kong public. CFD trading Globally recognised broker with experience in FX trading services dating back to 1996. Automatically receive daily averages, real-time , tick-level and forward rates into your ERP, TMS, digital product, app or website.