A textile-manufacturing company based out of Tamil Nadu has a large scale domestic business and recently decided to enter the international market. Belonging to a small town and new to foreign currency exposure, they had little awareness of Forex. They wanted to mitigate their foreign currency risk in exports and imports. The company found us on the web, and was then approached by our sales team. They intended to subscribe for the TPO and Forex Advisory services.
With the help of Myforexeye Advisors, the client is now aware of how the forex rates work and bank practices. The client not only saved on the extra charges but will also be able to make sound decisions for himself in the future.
24 Dec 2020 12:21 PM
Trade call given my Myforexeye on 10th November was to sell GBPUSD 25th November Futures.
17 Dec 2020 03:06 PM
A Spansih Exporter/Importer was on a trial for the Transaction Processing Outcourcing (TPO) service. His Bank was ICICI bank and was charged a margin of 3 paisa.
19 Nov 2020 12:01 PM
An IT services importer had his account with HDFC bank. He did his forex transactions through HDFC bank. We reached out to him with our services.
06 Oct 2020 11:28 AM
Tirupur based textile exporter had to import Solar Panels from China. Duty was very high. The client had to make a choice regarding funding of the import.
15 Sep 2020 12:27 PM
An importer based out of Delhi had taken up TPO and Advisory services from Myforexeye. He had an import payment of $500,000 ten days later which he wanted to hedge using multiple forward contracts.
21 Jul 2020 11:30 AM
A Kolkata based metal exporter regularly hedged using forwards and often sought packing credit from their bank, yet they were incurring losses. The client had already availed Myforexeye’s TPO service which ensured rate transparency but to analyze the