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How Myforexeye Helps Companies Improve Profitability:

Optimise Forex Conversion Costs:
✓ Negotiate better currency conversion rates on forex remittances to reduce bank margins.
✓ Implement cost-effective strategies to save on every foreign currency transaction.
✓ Time conversion during the trading hours from 9 am to 3:30 pm.

Manage Forex Volatility Risks:
✓ Protect against sudden currency fluctuations affecting export and import profits.
✓Provide tailored risk management solutions like forward contracts, options, and hedging strategies.

Reduce Interest Costs on Working Capital and Loans:
✓Optimise interest rates on term loans and working capital financing through expert advice. Regular changes in interest rates of different countries and changes in Interest subvention schemes need dynamically changing product suitability.
✓ Evaluate and recommend the best financial instruments to minimize borrowing costs.

End-to-End Forex Consulting Services:
✓ Comprehensive solutions covering forex trading, risk management, and banking negotiations.
✓ Personalized strategies tailored to your company’s unique financial needs.

Ajit Pratap Singh
Executive Director
OPG POWER

Our relationship with Myforexeye has been fruitful and we have been benefitted by reducing our forex cost substantially with the help of Myforexeye professional advices and their knowledge and expertise in forex transactions. They have assisted us in improving our forex risk management systems and streamlined the decision-making process. Forex markets are extremely volatile and it requires constant monitoring of the markets and a well-defined risk management policy - Myforexeye has been extremely efficient in delivering the same.

Anil K Mittal
Chairman & Managing Director
OCCL KRBL Limited

We have large dollar exports and managing forex risk is critical for our overall business profitability. We have collaborated with Myforexeye for forex market intelligence and insights to take prudent and informed decisions. They are associated with us for last 5 years, providing us risk management strategies, market timing and hedge selections. I am quite impressed with their mobile application. It is very well thought through and meets most of our requirements around live rates, forwards, market research and alert functions. It’s a must have application for exporters and importers.

Myforexeye helped save 1.03 Lac in a Single transaction through their forex manager

Client Summary
A fastener and machine components’ manufacturer with exports mainly in Europe and the U.S had to book EURINR export forward for EUR 230,000 with the bank. The client did not have a direct access to his bank’s Treasury and the forward contract was to be booked after negotiating rates with the banker at the Branch.

Solution
Client had recently started using our TPO service and he connected Myforexeye dealer on call to the banker at their Branch.
The negotiation started with the bank quoting 78.19 net rate. The banker wasn’t budging until our dealer argued that the premium showing on Reuters screen is different. That is when the banker closed the deal at a net rate of 79.43.

Value Addition
The client was satisfied with the service of Myforexeye as our dealer serviced the client to save approximately 45 paisa on a transaction of EUR 230,000 that amounted to a saving of INR 103,500.

Myforexeye saved 80 Lac in six months by managing treasury operations

Case Study
The client exports engineering goods based out of Punjab. The annual export turnover is more than Rs.150 crores per annum with major exports in three currencies – EUR, GBP & USD. The client has working capital limits from SBI and HDFC Bank. Moreover, the client is classified as MSME.

Solution
A. Conversion charges were reduced by 5 paisa per FC across all currency pairs.
B. The cost of borrowing on export finance was reduced to

USD – (-) 1%
GBP – (-) 2%
EUR – (-) 2.75%

The client could reduce his borrowing cost by 4% per annum resulting in a saving of Rs.1.6 crores per annum. The client has already saved Rs.0.65 crores in first 5 months of implementation.

C. Risk Management – In the last leg of implementation now we are starting to hedge 40-50% exports using forward contracts. Myforexeye is hopeful of delivering another Rs.50 lakhs savings to client on account of risk management.