background
USDT
BTC
ETH
XRP

FiveWest provided assistance to purchase stablecoins in USDT

Forex Treasury Management

post cover

Hedging capabilities for Forex positions that arise from business operations involving foreign markets are key to successful treasury management. This can be particularly tricky in African countries where large currency fluctuations make it hard to predict the cost of raw or finished goods. This was a particular issue for a FiveWest manufacturing client in Malawi who had pending payments for overseas orders and wanted to hedge themselves against a drop in the Malawian Kwacha.

Solution

FiveWest assisted this company to purchase stablecoins in USDT. This was fortuities as the Malawian Kwacha devalued by 25%. The USDT was converted back to Malawian Kwacha for local payments and to make international payments to suppliers through the traditional banking system.

Result

This African company was quickly and cheaply able to hedge itself against a pending currency devaluation in a way that would not have been possible through its traditional banking system.

Published: 19 October 2022
Contact our team of professionals
BESPOKE CLIENT SOLUTIONSWe are experienced in solving client specific needs. Our team will contact you to start setting up your tailor made solution.

Other Case Studies

Browse All

How to buy property in South Africa as a foreigner

Utilizing traditional banking and blockchain technology, we specialise in the trading automation of digital assets & forex.

SERVICES

Arbitrage

© 2024 | FiveWest | All Rights Reserved