Case Study: Arkonik manages currency volatility and protects profits with OFX

Arkonik - Customer Case Study

Arkonik, a UK-based custom Land Rover Defender manufacturer with a significant customer base in North America, faced the challenge of managing international payments and foreign exchange risk. They needed to reliably purchase parts globally and receive revenue from the US while being vulnerable to the negative impact of currency fluctuations on their profits.

The solution was implemented by OFX, who provided expert foreign exchange services. An OFXpert helped Arkonik manage their currency seamlessly, including the use of OFX Forward Contracts to lock in exchange rates for up to twelve months and protect against adverse market movements. This partnership provided Arkonik with greater financial certainty, helped protect their bottom line, and was described as hugely beneficial for running their business better.

Arkonik

Penny

Commercial & HR Director