Our experts keep a close eye on the markets all day long
Thanks to our automatic order solutions and constant rate monitoring, we ensure precise and opportunistic execution, optimising each transaction to maximise your currency savings.
Contact us to set up an automatic order or rate monitoringThe currency market fluctuates every second, 24/5, from Monday to Friday.
A multitude of factors influence these fluctuations, here is a non-exhaustive list.
Monetary policy decisions
Economic indicators
Geopolitical events
Political context
Focus on your business or daily life, we monitor the markets for you
It is often challenging to keep track of the incessant fluctuations in financial markets, which can vary by several percentage points each day. Therefore, optimising the timing of your transactions during the week and even within a single day is crucial.
By automating transactions and/or monitoring exchange rates in real time, we provide an effective solution and significant time savings for managing your exposure to currency fluctuations. This allows our clients to focus on growing their business or simply on their daily lives.
By adopting this approach, you benefit from precise and timely execution of transactions, while having the opportunity to seize market opportunities. Our expertise ensures that each movement is monitored and adjusted, thus freeing our clients from the stress of daily market fluctuations.
Automatic orders
An automatic order is an instruction to buy or sell a currency when the exchange rate reaches a predefined level. This type of order allows you to seize market opportunities that might appear even for just a few seconds, as the approval is communicated in advance of the currency purchase, and the automatic order is entered by your market operator into the trading software. By limiting human interaction and manipulation, you optimise your chances of capturing an opportunity... even while you sleep!
It can be cancelled as long as it has not been triggered. Additionally, it can be configured in various ways, including with an expiration date, allowing you to, for example, go on vacation with peace of mind.
There are different types of automatic orders
A buy or sell order that only executes if the exchange rate reaches a certain predetermined level that is more favourable than the current rate.
An order designed to limit losses. It automatically executes if the exchange rate reaches a predetermined unfavourable level. For example, if a company fears that the currency it holds might lose value, it can place a stop order to sell if the exchange rate falls below a certain point, thus avoiding going below a specific profitability threshold.
A trailing stop order is a type of order that automatically adjusts the stop loss level as the market moves in your favor. This means that instead of setting a fixed price for your stop loss, you set a percentage or a dollar amount relative to the current market price.
An OCO order is a pair of conditional orders where the execution of one order cancels the other. It's a risk management tool used to set specific entry and exit points for transactions. For example, you can target a certain level for either an increase or a decrease. If the target level for the increase is reached, the decrease order is canceled, and vice versa.
Rate monitoring
By handling market fluctuations monitoring, we keep you informed in real-time about buying or selling opportunities, allowing you to react quickly and make informed decisions. However, this approach also has its drawbacks. Unlike an automatic order, no transaction is made without your approval, which can lead to missed opportunities if you are not available to respond quickly. Manual monitoring can offer more control, but it requires constant responsiveness and availability to maximise gains in the currency markets.
I am interested in the current rate. How can I lock it for the coming months and protect myself from fluctuations?
At Devyzz, we offer solutions to lock in an exchange rate for up to 24 months.