£30,000 saved on 1 payment! 💰 An Inner Circle case study 🤝

The Inner Circle's purpose is to bring together Supercar Driver members in a dedicated group to discuss business, services and opportunities, and in the past year or so since its inception, there have been several success stories and members making the most of fellow members' businesses.

We recently had an amazing example from Sean Galvin, Founder & CEO of Sovereign International. Sean is very active in the group and has helped countless members save money on foreign transactions, and this was a big one!

Here's Sean to tell the story of how Sovereign saved one Supercar Driver memebr £30,000 on a single transaction.

"Supercar Driver member Mark got in touch with us via WhatsApp as his aviation firm has large exposures to USD, EUR, AED and GBP.

Having been using Sovereign for his corporate needs for a while, when he recently moved to Dubai, he signed up for a personal account to move funds over there for multiple future payment needs and living costs.

I’m pleased to announce that on the back of our hedging advice in January, securing a GBP/AED forward rate near 5, he managed to save an astonishing £26,200 on this single trade timing vs the prevailing spot rate of 4.88 on the payment date last week!

And that’s on top of the 1% tighter FX mark up vs his bank, which equated to a few thousand saving more, taking the total to £30k on a single payment.

Saving companies vast amounts is what we do every day at Sovereign, but when we save an individual such a vast amount at such a pivotal moment in their life, it’s even more rewarding.

If you have a corporate or personal need for currency exchange and international payments (out or in, in any currency, either way round) then please reach out."

Sean Galvin
Founder & CEO
Sovereign International — Supercar Driver Title Partner

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