What savings can I achieve by using Devyzz?
When managing currency operations, every detail matters in reducing your costs. At Devyzz, we take pride in offering transparent and competitive solutions. Here, we explain how you can achieve significant savings by choosing our service.
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Ultra-competitive exchange rates
The exchange rate is one of the crucial elements in any currency transaction. Devyzz allows you to access rates up to 3% more competitive than those of traditional banks.
Additionally, unlike banks that may execute your transaction several hours or even a day after your instruction, Devyzz offers the ability to buy your currencies in real time. This gives you complete control over the timing of your transaction, avoiding market uncertainties.
To illustrate the impact of a rate differential, imagine exchanging GBP 1,000,000 per year. A 1.5% difference in the exchange rate would result in an annual savings of 15,000 pounds.
No fixed fees per transaction
Another major advantage of Devyzz is the complete absence of fixed fees per transaction. While traditional banks may charge you dozens of pounds per transaction, Devyzz imposes no fixed fees, regardless of the operation size.
For example, if your bank charges 50 pounds in fixed fees per transaction and you make 100 transactions a year, that amounts to an additional 5,000 pounds in fees every year.
No exchange commissions
Exchange commissions are fees charged by banks for each currency transaction, typically as a percentage of the amount exchanged.
Although these commissions might seem small, such as 0.01% per transaction, their impact goes beyond appearances. By charging these commissions, banks create the impression that this is the only cost associated with the transaction in addition to the fixed fees. However, they also profit from the exchange rate they offer, which is often much less favourable than the market rate. By applying a less advantageous exchange rate, banks significantly increase their margins at the expense of the client.
Full transparency
At Devyzz, we offer complete transparency: you know exactly how much you are paying before each transaction. No hidden fees, just competitive and clear rates, allowing you to maintain full control over your costs. You can have peace of mind knowing that you are paying only what is necessary, nothing more.
Beyond the direct savings on each transaction, Devyzz supports you in optimizing all your currency needs
Our expertise allows you to optimise the timing of your transactions, manage currency risk effectively, and maximise your opportunities in the financial markets. By working closely with our clients, we help them navigate the volatility of the currency market.