It was a huge month in the world of SportsFX. We had so much going on, a Sydney Trip, speaking to Baseball Australia, Basketball Australia and Tennis Australia…. that I thought I’d provide an update monthly instead of weekly given that I know the world of currencies is only exciting to a small % of people 😃 

Firstly: A new and exciting partnership with HD Capital.

From their website: HD Capital is a global investment firm, combining the reach and expertise of a global investment manager with the agility and client-centric approach of a boutique firm.

They are so much more than that! From meeting Dan, Hannah and Daniel around 6 weeks ago we came to a very quick understanding that we share the same values and beliefs in what we do in our respective fields, putting education and clients at the forefront of everything we do.

Last week, I had the pleasure of brushing up on my public speaking skills by speaking at the HD Capital open night. 😁 

A huge thank you to the HD CAPITAL team for inviting me to speak about the benefits of currency management and how it can help athletes and anyone involved in International Money Transfers. 💹

We have several synergies between both businesses and I look forward to a long-term relationship with the team.

They have also started a Sports Wealth arm and are specifically looking to assist athletes while they are still playing to plan for when they retire.

They offer great investment opportunities and are worth reaching out to for a chat about your investment options.

💱 Up to $27,000 AUD swinging around on election day!

On election day we saw some big moves in the markets, with the USD moving 2-3% across the board against most major currencies.

As early results came, the USD was on a huge run-up and continued to do so while Trump's numbers increased.

How we managed this for one client who traded yesterday as they were waiting for money to arrive, and it just so happened to arrive yesterday.

Early in the day, we put a plan in place and a "Target Rate" My comments were that we would see wild swings and rates could go anywhere, they could move up 3c or down 3c at any time.

With a daily limit on his account to contend with we booked a "Limit/Forward" meaning we picked a target rate and then forward booked for 5 days to allow time to send in the USD from his account.

The result, we hit the target, and rates did spike up a little more, but then also fell further.

While we could have achieved $6K more if we caught the top (unlikely) we could also have achieved $10K less if we waited to see what happened and that comes with more emotional stress.

All in all, we got close to the top, and about 20% above the halfway point of the day.

He was happy, I was happy, yet very nervous watching it all day.

This is why we take the time to understand a client's risk tolerance, we talk about targets and figures and find solutions around daily limits and bank transfers.

A very positive result overall, and with $900,000 USD to move, it was crucial that we took the time to manage it properly and on a day like that.

If you have an upcoming currency transfer to deal with, reach out and we would be glad to talk to you about the best options.

Sports Tours

An area we have had a lot of success recently is Sports Tour Companies, see our post below, or watch our video on how we can help them save money first, but also manage risk and protect profits.

Monday morning rates:

• AUD/USD - 0.6463

• AUD/EUR - 0.6132

• AUD/GBP - 0.5121

• AUD/NZD - 1.1018

• AUD/JPY - 99.74

• GBP/NZD - 2.1514

• GBP/USD - 1.2620

• EUR/USD - 1.0539

• USD/JPY - 154.32

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