FX SERVICES
Retail Foreign Exchange Services
Permanent Locations
Currency Exchange International (CXI) currently owns and operates over 20 retail locations through a special partnership with each primary party. This ensures that CXI provides its staff, system, and capital the means to maximize the FX opportunities associated with the retail location. CXI is selective with its permanent location openings and is creative in developing a relationship for the benefit of all parties involved.
Temporary Locations
CXI has a vast experience in servicing special groups, events or gatherings that may involve the need for a temporary Retail FX Desk, commonly referred to as a "Bureau De Change" facility. CXI will consult with your meeting planners to develop a program to service the needs of the groups involved.As an example, A recent gathering of Japanese business associates in America required that CXI set up a one week temporary FX Desk at their meeting where in which over 2000 Japanese visitors were serviced during a two hour pre-meeting briefing each day. This required the use of pre-packed US dollar sealed envelopes for 10,000, 30,000 and 50,000 Yen transaction amounts. The group commended CXI on its excellent service, best local exchange rate, and speed at servicing the group. Everyone involved agreed it was a superb service to the international visitors.
Wholesale Foreign Exchange Services
Wholesale Bank Note Trading
- Centralized Systems
For customers that have a high volume of foreign currency exchange and keep their own inventory in a centralized fashion, CXI offers bulk wholesale banknote trading at the best rates and service. Rates and trades can be locked in over the phone, by fax or on our online trading platform, CEIFX. - Decentralized Systems
Many customers have found the advantage of not having inventory or keeping a small inventory and thereby allow their retail branch offices to buy and sell directly to Currency Exchange International. This reduces costs and risk and allows for increased profits for the client. CXI customizes relationships with its clients so that time and money are saved for all parties involved. - Inventory on Consignment
For those retail locations that require a sufficient inventory on hand to satisfy walk up transactions immediately, CXI has an inventory on consignment program that eliminates all risks associated with a business owning its own inventory. CXI will develop a special relationship so that all demand is satisfied with all parties benefiting from the FX customized program.
We have a number of Exchange Rate Signs available for your location.
Wholesale International Wire Transfers
Foreign Currency Wire Payments and US$ International Wires
Business all across America have realized that their international wire transfers can be a great source to reduce costs incurred from using their local bank branch.Most often, Banks charge high fees and give poor exchange rates to their corporate clients at the expense of it being easy to use the domestic local bank where the source funds are held.
Upon investigation it is found that there are additional intermediary fees on top of the local international wire fee. Additionally, the exchange rate used is not competitive and can be one or two whole percentage points over the wholesale FX exchange rates offered by CXI to established companies.
Being a pre-approved wholesale customer of Currency Exchange International affords your company to have little or no wire fees and exchange rates that will save up to thousands of dollars on each wire transfer. This is because CXI has:
- A Global network of wholesale International Bank partners that avoid using intermediary banks which allow for cheaper and faster wire transfers.
- Advice and experience on Hedging and Payments
- Excellent Exchange Rates
- Quality and Professional Service
- Lowest Transaction Fees
Outsourcing all international wires to CXI will generate your business more profit than your current provider while lowering costs and increasing service for both the recipient and your clients.
Foreign Check Clearing
Currency Exchange International is a specialist in clearing most foreign denominated checks as well as US dollar checks drawn on foreign banks.Being a pre-established customer of CXI allows businesses to receive checks from its international clients while lowering the costs of clearing the items with local banks.
Checks can be cleared on both a "cash letter" and a collection basis based on the customized relationship the pre-established customer has with Currency Exchange International.
Please consult with a CXI FX specialist or visit a retail location to become an established customer of Currency Exchange International and start saving money today.