Exotics and Emerging Market Currencies

The majority of IMEX's currency exchange business involves the major / convertible currencies such as the Euro, the Yen and the Pound Sterling etc. However, over the years, a growing number of clients have turned to IMEX, for its expertise in the exchange of the exotic currencies and those of the emerging market countries. These may be the currencies of the less industrialized countries of the world, or those of countries whose currencies are not traded with the regularity or volume of the major currencies.

Organizations with a need to trade in these currencies are frequently faced with several problems. First of all, the choice of sources for these currencies is quite limited. This reflects the fact that there are significantly fewer daily trades done in these currencies and it begins to explain why they are regularly used by the banking industry as vehicles for high margin transactions. This lack of comparative competition and market liquidity allows these selected banks to enjoy profits which are many times greater than those they see with the more heavily traded currencies. Additionally, a smaller volume of trading means that fewer sources are proficient in the additional details that need to be constantly addressed to assure successfully completed transactions. Funds are frequently late in their delivery, misplaced, or lost all together. It is a classic example of the client being offered less while being charged more for his trouble.

This may have represented a problem for you in the past, but it now offers you a new opportunity. IMEX has been serving the "exotic" currency needs of firms, churches and nonprofit organizations since its inception in 1989. We know the importance of security in a transaction, competitive exchange rates and the absolute necessity of reliable timely deliveries. It is an area in which we have developed a particular expertise and confidence in what we are able to accomplish for our clients.

The countries and currencies that IMEX works with are as varied as the world of international trade. Below are a few examples of the kind of savings available through an association with IMEX. We invite you to review them, as well as visit the rest of our site. We look forward to hearing from you, and addressing any questions or issues you may have.

Sample Trades