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Foreign Exchange Services

Discover expert foreign exchange solutions from Streets. Access competitive FX rates, risk management strategies, and secure global payments tailored to your business.

Foreign Exchange Solutions at Streets

As more businesses operate across borders, managing foreign exchange (FX) effectively is essential for protecting margins and minimising risk. At Streets Financial Consulting Limited*, we help UK-based and international clients navigate the complex world of currency transactions with confidence.

Whether you’re an importer, exporter, or service provider making cross-border payments, we work in partnership with two FCA-regulated global payment specialists to deliver tailored FX and international payment solutions.

Why Choose Streets for Your Foreign Exchange Strategy?

We take a consultative approach, working closely with clients to understand how currency volatility affects your business. From there, we develop a robust foreign exchange and risk management strategy aligned with your commercial goals.

Our Foreign Exchange Services

Access to Preferential Exchange Rates

Enjoy competitive rates, often better than those offered by traditional high street banks.

A Personal Currency Expert

Work directly with a dedicated named dealer for tailored advice and support.

Currency Health Check

A free, no-obligation review of your current foreign exchange strategy to identify savings and efficiencies.

Segregated Multi-Currency Holding Accounts

Securely hold and manage funds in multiple currencies with safeguarded client accounts.

Hedging and Risk Management Solutions

Manage exposure with forward contracts, options, and bespoke FX risk strategies.

Fast and Secure International Payments

Benefit from quick and reliable cross-border transfers for suppliers, payroll, and overseas investments.

Mass and Recurring Payments

Simplify your global payment processes with scalable bulk and recurring payment options.

Foreign Exchange FAQs

What is foreign exchange accounting?

Foreign exchange accounting involves tracking, valuing, and reporting transactions conducted in foreign currencies. It ensures accurate conversion, recognition of gains or losses due to exchange rate fluctuations, and compliance with UK and international accounting standards. Streets support clients in managing FX risk and reporting with precision.
Foreign transactions are initially recorded at the exchange rate on the transaction date. Any difference in value due to exchange rate changes at settlement or year-end is recognised as a gain or loss. Streets ensure this process is handled correctly, reducing financial risk and ensuring full compliance with FRS or IFRS requirements.
Auditing FX transactions involves reviewing source documents, verifying applied exchange rates, checking revaluation calculations, and ensuring gains or losses are properly recorded. Streets help clients prepare for audits with accurate records, clear reconciliations, and systems that track FX exposure.
Foreign currency transactions should be recorded at the spot rate on the date of transaction. Any subsequent revaluation or realised gain/loss is recorded separately in the accounts. Streets support clients with automated processes, robust record-keeping, and ongoing FX control for accurate financial reporting.

Ideal for Businesses That:

  • Pay overseas suppliers or freelancers
  • Import or export goods and services
  • Manage international payroll
  • Need to hold and convert multiple currencies
  • Seek to hedge against foreign exchange rate volatility

*Streets Financial Consulting Limited is authorised and regulated by the UK Financial Conduct Authority (FCA) and is entered on the Financial Services Register (www.fca.org.uk/register) under reference 116445.

Related Office

Related Team Members

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Martyn Shakespear

Head of Banking & Finance

Martyn is an experienced banking specialist with a 40-year track record providing banking and funding advice.

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