Global Wire Transfer Services

Currency/Rates10yr Treas 2.18% 0.00

Euro / $1US 1.40 0.0041

$1US / Yen 90.34 -0.5400

Pound / $1US 1.47 0.0025

International Foreign Exchange Payments & PurchasesTurn to Custom House to provide you with effective solutions designed for your personal needs. Whether it’s a recurring or one-time payment, you can set up an account through our knowledgeable account representatives or create an online account for real time access from your computer 24/7. Regardless of the size of your transaction, Custom House can help transfer or convert your funds in a variety of currencies with fast, secure and competitive rates.How the FX Market FunctionsForeign Exchange is the world’s largest financial market. It runs 24 hours a day – from 3pm New York time on Sunday to 5pm on Friday - only closing for a few hours each week.Other than the Chicago Mercantile Exchange (CME), where currency futures trade, there is no physical FX market. Rather the “market” is an interconnected network of bank traders, brokers, dealers and fund managers. Indicative and executable pricing is shared through electronic dealing platforms such as Reuters, Bloomberg EDS and proprietary platforms. London remains the main FX trading center with just over 50% of the flow. London is nicely situated to catch the end of the day in Asia and the beginning of the day in North America. As such, London FX traders typically put in 12 hour days.In a 2007 BIS survey (http://www.bis.org/publ/rpfxf07t.htm), average daily FX turnover was calculated to be $3.2 trillion. To put this in perspective, the New York Stock Exchange, the world’s largest equity market, traded approximately $120 billion daily in 2007. The TSX traded about $6.5 billion daily in 2007.The vast majority of FX trades (more than 90%) have nothing to do with international payments (whether for imports or exports) but are executed for speculative purposes and, to a lesser extent, hedging purposes.Contact UsIf you have any questions about international payments, risk management or the specific products and services that Custom House offers, please don’t hesitate to Contact usTestimonial“Working with Custom House has been a very positive experience. All of our transactions are now executed with precision, our wire transfers are delivered with speed and efficiency and we have access to Custom House’s incredibly competitive rates.Furthermore, we have been able to take advantage of Custom House’s insights into the market place through webinars, breakfast seminars, World Market Updates and trader calls.”Raymond St. Amour Controller, Montreal Fish Montreal, Quebec, CanadaRead more testimonialsWhite Paper downloadInternational Local Currency Payments - If you’re paying your international suppliers in USD and using foreign banks, you might want to read this whitepaper about an alternative strategy...