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FX optimisation

Investors frequently incur FX costs multiple times higher than the market rate. We believe risk mitigation should not come at such a disproportionate cost. A lack of transparency in pricing, execution and cost disclosure hampers objective benchmarking, places investors at a disadvantage, and often leads to overpayment.

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9/10investors overpay for FX transactions
15%+average savings on negotiations
$150bn+total assets reviewed
$30m+in annual fees saved p.a.
The challenge faced by investors

Enabling you to maintain control

01
The issue

9/10 investors overpay for FX transactions. Costs are opaque and benchmarking is complex.

02
The goal

Understand and cut FX costs, optimise services, and provide evidence to stakeholders.

03
Our solution

Dedicated data collection, analysis, benchmarking, negotiation and monitoring capabilities.

bfinance helps investors through...

Five steps to fair FX pricing

Together, these insights support and enable investors to unlock meaningful savings, enhance contractual protections, and demonstrate robust governance to stakeholders.

1
Transparency

Discover what your margins are and identify saving opportunities.

2
Analyse

Use inter-bank market data to create a detailed analysis of your current arrangements.

3
Benchmark

Benchmark historical trades to see what you should have paid.

4
Negotiate

Specialist, date-led engagement with FX providers to secure improved terms.

5
Monitor / track

Validate savings and monitor for areas of further improvement.

The bfinance FX scorecard

A powerful entry-point diagnostic that delivers a clear, data-backed evaluation of your FX transaction arrangements.

Minimal input required: just 1–6 months of trading data, or five trade confirmations per bank, currency pair and tenor.

We benchmark your FX margins and execution costs against a deep global dataset of banks and institutional peers, giving you a precise, actionable view of your current position and a roadmap to smarter FX outcomes.
FX cost review in practice

Potential savings of $2.8m over 12 months

  • Investor with material foreign exchange exposure
  • Hedged via spot and forward FX transactions
  • Volatility led to variation in margins of up to 3x for the same currency pairs and tenor over 12 months
  • Low competition between provider banks drove higher margins
  • Estimated trade cost was shown to be c.5x the fair cost for the same FX transactions
  • Potential savings of $2.8m over 12 months for the investor if fair margin achieved
Trade cost
$3.5m
Fair cost
$0.7m
Potential savings
$2.8m

Savings data based on internal analytics; available on request.

Why investors partner with bfinance
15%+average savings on negotiations
$150bn+total assets reviewed
$30m+in annual fees saved p.a.
620+clients across 47 countries
Related services

The rest of our fee review, benchmarking and negotiation offering

Investment management fees →

Benchmarking and negotiation of the fees you pay to external managers.
Transaction cost analysis →

Forensic analysis of explicit and implicit trading costs.
Private markets fees →

Validation of fees, waterfalls and carried interest in private markets.

All statistics and cost-saving estimates, including the $2.8m case example, are derived from bfinance's proprietary analytics, historical client engagements and benchmarking exercises. Results are illustrative and based on actual cases; they are not guaranteed outcomes. Supporting data and methodologies are available on request for institutional investors. Past performance is not indicative of future results.

How can we help you?

Connect with one of our investment specialists today and let us know how we can help.

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Phone: 020 7747 8600
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