WiredUp: Forex Risk Management vs Myforexeye - Rates & Trading Usage & Stats

Welcome to WiredUp, your all-in-one solution for seamless and effective risk forex management! WiredUp is a cutting-edge application expertly addressing global companies' Corporate Forex Risk management needs. Our team of seasoned banking and technology professionals has united to create a comprehensive toolkit, ensuring effective and tailored solutions for all your business needs in managing your FX risk within a single product. Several businesses already rely on WiredUp to manage their daily FX activities, benefiting from: • Checking live exchange rates 24/7 for over 70+ currency pairs • Centralising their trades and hedges by planning, recording, and monitoring – all in one place! • Utilising our industry-first FX treasury tools to empower profits • Daily evaluation of hedge pick-ups vs. cash transactions • Setting exchange rate alerts • Assessing the performance of the treasury using our comprehensive range of reports Why do businesses need WiredUp? There are a lot of challenges for businesses that require a comprehensive FX risk management strategy: • Exchange rate volatility • Visibility of real-time interbank rates • Lack of understanding and quantification of underlying exposure risks • Centralised FX data warehousing • Guidance on forex-specific regulatory compliances • Expert FX resource constraints What could be the consequences of inadequate FX risk management? • Financial Losses • Reduced Profitability • Cash Flow Volatility • Strategic Decision Challenges • Credit Rating Impact • Operational Inefficiencies • Legal and Regulatory Issues What is WiredUp? WiredUp is a comprehensive Forex Risk Management platform that empowers businesses to navigate and mitigate currency risks effectively. By using our platform, businesses can navigate global markets confidently through our limitless FX risk management modules and best-in-class FX treasury tools. 1. Centralise Your Trades and Hedges: Plan, Record, Monitor – All in One Place! • Manage Export Sales, Import Purchases, Receivables, and Payables with real-time market rates • Record Your Hedges for Contracted or Anticipated Exposures • Seamlessly connect Hedges to your Trades • Effortlessly record and track Hedge utilization and cancellation details • Daily Evaluation of Hedge Pick-Ups vs. Cash Transactions at your fingertips 2. Real-time Interbank Rates • Accurate and reliable real-time exchange rates for 70+ global currency pairs from global brokers, financial data providers, and central banks • Track your preferred currency pairs by adding them to your watchlist • Quantify your risk and gains in actual numbers with our forward rates and spot rates • Receive alerts when a currency reaches your target rate 3. Reports & analytics at your fingertips • Assess the performance of your treasury across all trades and hedges • Review and validate your FX risk management decisions • Rate Realization on completed Trades • P&L for canceled Hedges, utilized Hedges, and more 4. Best-in-class FX treasury tools • FX Rate Calculator: Compute forward exchange rates for a future date for over 70+ global currency pairs • Borrowing Cost Comparison: Compare short-term and long-term borrowing costs in foreign currency vs INR • Import Cost Analyser: Assess and determine the optimal pricing of your product considering foreign currency fluctuations • Cash vs Hedge Pick-up: Evaluate Hedge pick-ups vs. cash transactions • EDC Calculator: Instant check on the cost or benefit of picking up your contracts or hedges early. • Swap/ Rollover Calculator: Instant check on the cost or benefit of either preponing or postponing the maturity date of your contracts or hedges. 5. Looking for instant help related to Forex? Our team of experts would be happy to help you in any of the areas listed below: • Forex Risk Management • FEMA Queries, Regulatory, and Compliance • Term Loans • Working Capital • Market Views Available on both Mobile and Web!