The client was highly satisfied with the TPO service of Myforexeye as we could successfully improve the EURINR forward rate from 79.46 initially offered to 79.75 and saved a sum of INR 29,000 for the client on a single forex transaction.
18 Jun 2021 03:49 PM
A client had an exposure of USD 1 million receivable in seven equal tranches of USD 0.142 million each between August to February. He receives documents only one month before his receivables are due.
11 Jun 2021 01:37 PM
A U.P. based exporter had an inward of USD 150,000 in May 2021 to be converted to Indian Rupees. Forward premium were at its 4.5 years high in May so cash spot discount was also high around 5-6 paise.
05 Jun 2021 12:28 PM
A fruit exporter approached Myforexeye to better optimize forex risk management. He had an exposure of $300,000 every month and was banking with a large foreign bank in India.
31 May 2021 09:10 PM
A perishable goods exporter needed to hedge USD 0.5 million inwards anticipated in July but was unable to hedge as forward limits were not available to him.
29 May 2021 01:59 PM
A client had opened an import L/C for EUR 500,000 on 11th January 2021 with an expected due date of 31st March 2021. The client was unsure if he should hedge his position or not.
07 May 2021 01:04 PM
Our existing client, an IT company had contracts spanned across 2 years. They had Long term exposure of USD 12 million but were unable to hedge long term forwards i.e. more than 1 year.