When Exchange Rates Shift, Construction Margins Shrink
Construction projects are complex enough without factoring in exchange rates. But if your balance sheet spans internationally, foreign currency is a live part of every project budget and one most management tools are not built to handle.
Sure, material costs shift and last minute adjustments have to be made. However, when you're buying materials internationally, paying overseas contractors, or bidding on cross-border work, a budget that looked good at bid stage can feel very different six months later, especially if the dollar moves against you.
Our tools are built specifically with construction cash flows and project timelines in mind.
Where Foreign Currency Hits Construction Hardest
Pain points
MaterialsÂ
Whatever you're purchasing overseas, whether it's steel, timber, or equipment, exchange rates can move against you even when the foreign currency price stays the same. Locking in your rates when you commit to a purchase, especially for big-ticket items, means the budget you quoted is the budget you deliver.
Contractors & Suppliers
International sub-contractors and suppliers won't wait for the exchange rate to turn in your favor. High volume of individual payments at whatever rate the bank gives you in that moment can significantly add up your costs, each one eating away at the budget you promised the client and the profit your company expects to make.
Project Financials
Working at home or abroad, importing or exporting, exchange rate shifts can turn a healthy margin into a painful loss before you make it to the finish line. As your quarterly profit and loss account moves, so does your access to credit and, for larger corporates, access to bonds that keep your company operating while it invests in a program.
Bidding On International Work
You're quoting costs months before the invoices are due. If exchange rates move between bid and build, your margin could evaporate before the project has even started. Protecting yourself, by getting some of your currency costs fixed at bid stage, changes that equation entirely.
20+
Years of FX Expertise
100+
Construction Clients Served
$500m+
Project Payments Protected
20+
Countries Supported
Designed for Business
The FX Wise Risk Solutions
The FX Wise platform scales to fit your immediate, specific needs and complexity.
Payments Made Easier, Cheaper and More Efficient
If your immediate problem is day-to-day supplier payments, processing them one by one, not knowing what rate you're actually getting, then this is for you.
Understand how you can simply upload your payment file, see transparent quotes for every currency, approve and go. No surprises, no per-transaction fees (and you can also do local currency payments).
Forward Planning to Protect Your Profits
If the bigger concern is project budgeting, especially protecting margins on work that's just starting or already underway, then this is your starting point.
Fix your exchange rates when you commit or place an order, so the rate you're quoted is the rate you pay, whenever the invoice comes.
Automated Risk and Exposure Management
At the top end, we connect to your ERP or financial systems and automatically monitor your currency exposure.
Decide whether you want maximum predictability, full market exposure, or something in between. We track your spend files and when your exposure drifts outside its target range; the platform plans the re-balancing trades and alerts you.
Exchange Rates? Demo.
Get access to our demos and discover how we can streamline payments alongside protecting the profit margin you need to hit. All at your own pace. No obligation, no hard sell, just an opportunity for you to see if we can save you time, money, and stress.