Whether you’re an experienced travel professional, or just getting started, currencies can seem daunting. You’re selling to travellers in Euros and want your profits in Pounds. You’re selling a specific destination with no flexible currencies to speak of.
Perhaps you’re even selling in multiple currencies but want all your profits in just one. Without the expertise or currency hedging, money could become messy. Even currency hedging can seem like too much to process if you’re new to it.
That is exactly why PTS provides expert-lead currency services for members with partner UPFX.
Currencies and Hedging
Currency hedging allows you to secure an exchange rate for your future payments. Essentially, this means that you will have a set rate of exchange for the whole year. This might be adjusted year-on-year, but for the most part, it is kept stable. The reason we do this, is to account for how temperamental currencies can be in exchange.
Currency hedging can be the best way to secure your profits over the coming year. For example, if you are selling one million pounds worth of travel and are looking to take Pounds from your customers, but your suppliers are all using Euros, then you can forward purchase (hedge) Euros at a set rate for the coming year. This allows you to predict your profits and price accordingly, without worrying.
PTS and UPFX secure some of the market’s leading exchange rates for PTS members using currencies. All members have access to a simple system that means no stress, no confusion, just profits.
Plus, when you become a member of PTS, our in-house experts and our partner’s experts are here to help. Even if currencies are still daunting, fret not, PTS makes everything as simple as possible. So you can relax and enjoy selling holidays you love.
Currencies and Trust Accounts
One of the fantastic things about working with a travel trust account system like PTS, is multiple currency accounts. With the help of partner, UPFX, PTS can secure great exchange rates. However, with the help of our expert-lead trust account system, PTS also provides members with accounts in multiple currencies.
This means that if you are dealing with multiple currencies, suppliers, and destinations at once, you can simply trade through the multiple currency accounts without having to worry about rapid exchanges.
The PTS trust account system keeps your monies separated and safe, while you explore the world of currencies, free of worry. This applies whether you’re a fresh-faced member, or switching tactics. If you have been a member for a long time and come across an issue with currencies, the PTS currency accounts and currency hedging deals are accessible, affordable, and easy to set up so you can continue to grow.
So, if you would like to learn about how your consumers’ monies are protected with Protected Trust Services (PTS) and how we support excellent travel businesses, check out our pages. Or you can contact the lovely PTS team by calling 0207 190 9988 or emailing us at ask@protectedtrustservices.com.
