Case Study: Link Audio reduces FX costs and manages currency risk with OFX

Link Audio saves on FX by locking in rates a month ahead with OFX

Link Audio, an audio equipment wholesaler, faced high fees and inefficiency when using traditional banks for its frequent international payments to suppliers in Germany and China. The company needed a more cost-effective and reliable foreign exchange service to manage its currency needs in USD and EUR. They turned to OFX for its business foreign exchange services.

By switching to OFX, Link Audio gained access to more competitive exchange rates and reliable transfer times, ensuring their overseas suppliers were paid quickly. The business utilized OFX's services to lock in exchange rates a month in advance, which allowed for better budgeting and cost management, protecting them from currency volatility. The owner highlighted the significant financial impact, noting that the guidance from his dedicated OFXpert was invaluable in navigating the currency market and that the service helped them stay competitive.

Link Audio