Solutions for touring, group travel & conferences
Because most travel and tourism professionals fix the price of their packages, managing the risk of market fluctuations is critical for budget planning and protecting profit margins. WirePay Israel offers a variety of customised risk-management tools that help lock in rates of exchange months in advance—thereby minimising the risks.
For example, advertising for a summer tour begins in the autumn before. How will you know how to set the costs 6 months in advance? A forward contract with WirePay Israel enables you to purchase a specific amount of foreign currency at a secured rate of exchange for delivery on a set date, up to 12 months in the future. With this secured rate, you can confidently proceed with price listings and budget plans, without having to worry about currency fluctuations eroding your profit margins.