A foreign currency hedging solution for SME travel companies is being offered via a collaboration between Protected Trust Services (PTS) and provider Universal Partners (UP).
The aim is to provide small travel firms with a tailor-made option to help them navigate currency fluctuation.
Managing director Mark Sutton said: “PTS wants to simplify its product offering and have identified that currency is a sector which the industry doesn’t fully understand and inevitably may be making the wrong decisions when it comes to hedging currency within their business.
“I wanted to partner with a provider who are not only highly regarded and trusted, but offer the best service and advice to the travel industry.”
Universal Partners senior portfolio manager Dale Knowles added: “Rather than being avoided, FX should be embraced by travel businesses as a key factor in their strategic planning.
“Whether it be to manage currency risk or streamline cross-border payments, having the necessary insights, technology and a proactive approach is fundamental in protecting profit margins and achieving their financial objectives.”