Why South African businesses and investors are paying too much for foreign exchange
Every time a South African business pays an overseas supplier, or an individual transfers money offshore to invest, there’s a cost that most people never question: the exchange rate.
While fees are usually visible, the exchange rate often isn’t. The margin between the market rate and the rate offered can vary significantly.
Large corporates negotiate highly competitive pricing because of their trading volumes and dedicated treasury teams.
SMEs and private investors rarely have that advantage, meaning they often pay considerably more than they should.
The difference may seem small on a single transaction.
Over the course of a year, however, it can amount to tens of thousands of rand lost, simply because a better rate wasn’t available.
SME Forex was developed by TreasuryONE to close this gap.
Why SME Forex
For more than 25 years, TreasuryONE has helped some of South Africa’s largest companies manage foreign exchange risk and execute billions of rand in currency transactions.
SME Forex makes that expertise and buying power available to South African SMEs and individuals investing offshore through a simple, secure online platform.
The platform has been designed to remove the complexity that typically comes with international payments.
Instead of waiting for a dealer to call back or exchanging multiple emails to secure a rate, users receive an instant live quote online.
Once accepted, the transaction moves through a secure straight-through processing workflow, reducing administration, eliminating unnecessary delays and ensuring fast, accurate settlement.
What you get
Whether you’re importing goods, paying overseas suppliers, purchasing international property or building an offshore investment portfolio, SME Forex offers:
- Instant live exchange rate quotes
- Highly competitive forex pricing
- A simplified digital process with minimal administration
- Fast, secure international payments
- Dedicated local support from experienced foreign exchange specialists
Technology is only part of the solution.
Clients also benefit from TreasuryONE’s experienced foreign exchange team, which provides expert guidance whenever needed.
The result is a platform that combines digital convenience with personal service.
Request a quote
The easiest way to see the difference is to compare.
Request a live quote from SME Forex alongside the rate you’re offered elsewhere. The comparison is immediate and transparent, and it could save you far more than you expect.
If you regularly make international payments or invest offshore, ask yourself one question:
How much are you paying for foreign exchange that you don’t have to?
Visit www.smeforex.co.za and get a live quote today.
Comments