Take control of your currency risk.
We identify where exchange-rate risk sits across your wealth or business, design a strategy to manage it, and arrange execution through our network of banking and liquidity partners.
- 6 stepsDiscovery to review
- 7 toolsSpot to structured
- ExecutionVia banking partners
Hedging is about certainty, not speculation.
The aim of hedging is not to predict the market. It is to reduce the range of outcomes you're exposed to, so a currency move doesn't derail a purchase, erode an investment or squeeze a margin.
A good hedging strategy balances protection, cost and flexibility, and is built around your actual commitments and appetite for risk.
When currency risk matters most.
For individuals and families
Property abroad
Buying, selling or financing a property in another currency, with timelines that can stretch for months.
Education fees
School and university fees paid in a different currency from your income, often years in advance.
Relocation
Moving wealth, income or pensions between countries.
Liquidity events
Selling a business, receiving an inheritance or realising an investment in a foreign currency.
Multi-currency portfolios
Investments held in dollars, euros or other currencies against a home-currency reference.
Major purchases
Significant assets bought in another currency.
For businesses and investors
Imports and exports
Protecting margins on foreign-currency invoices and contracts.
Overseas operations
Payroll, costs and profits across multiple currencies.
Transactions
Acquisitions, disposals and financing with currency exposure between signing and completion.
Investment portfolios
Currency overlays for funds and holding structures.
From exposure to execution.
Six steps, from the first conversation to ongoing review.
- 01
Discovery
A confidential consultation to understand your situation, commitments, time horizons and attitude to risk.
- 02
Exposure mapping
We identify and quantify your currency exposures: what they are, when they fall due, and how sensitive you are to movements.
- 03
Strategy design
We design a strategy around your objectives, setting out how much to hedge, over what period, with which instruments, and at what cost. We present alternatives with clear trade-offs.
- 04
Policy & agreement
For ongoing relationships, we document the agreed approach in a written hedging policy, so decisions are consistent and never made in a rush.
- 05
Execution
Where you choose to proceed, we arrange execution through our network of banking and liquidity partners, and support you through onboarding and documentation.
- 06
Monitoring & review
We monitor your positions and exposures against the market and our research, report to you regularly, and review the strategy as your circumstances or the outlook change.
The tools, explained simply.
Every strategy is built from a small set of well-established tools. We'll only recommend what's suitable for you.
Spot
Exchanging currency now, at today's rate.
Forward contracts
Fixing an exchange rate today for a transaction on a future date. Certainty, with no upfront premium.
Flexible forwards
A fixed rate you can draw down in stages across a period, useful when exact payment dates aren't known.
Limit and stop orders
Instructions to transact automatically if the market reaches a target or protective level.
Currency optionsEligible clients only
The right, but not the obligation, to exchange at a set rate. Protection with the ability to benefit from favourable moves, for a premium.
Structured strategiesEligible clients only
Combinations such as collars that balance protection and cost.
Shariah-compliant structures
Forward cover built on wa'd (unilateral promise) structures for clients who require Islamic-finance compliance.
Not every instrument is suitable for every client. Some involve risks and costs that must be clearly understood before proceeding. See our Risk Disclosure.
What an advisory relationship includes.
- A full currency exposure assessment
- A tailored hedging strategy with clearly explained options
- A written hedging policy (for ongoing relationships)
- Execution arranged through our banking partners
- Regular position and exposure reporting
- Scheduled strategy reviews
- Bespoke research on your specific currencies
- Direct access to your dedicated analyst
- The full Cedarstone Research programme
Start with a conversation.
Every client relationship begins with a confidential consultation. We'll understand your currency exposure, your objectives and your timelines, and show you how our research and advisory can support you.
- Confidential and no obligation
- Calls in UK or Gulf hours
- A response within one business day