Case Study: Crawford Boots gains currency certainty and easier international payments with OFX

Crawford Boots fixes AUD-USD rates across 45 mines with OFX

Crawford Boots, a business producing specialized mining boots, faced significant challenges due to extreme volatility in the AUD-USD exchange rate. As the company imports materials from Asia and deals in US dollars, this unpredictability made it difficult to manage costs and set stable domestic prices, especially during the market fluctuations of 2020.

OFX provided a solution through a dedicated account manager who helped the business fix its exchange rates in advance. This gave Crawford Boots predictability on its cost base, prevented the need to raise prices for customers, and resulted in extremely competitive rates that saved the company money. The reliability and simplicity of the OFX service allowed the founder to focus on running the business instead of constantly watching the markets.

Crawford Boots