Meet John Sawyer.

He's the account manager for the British Chambers of Commerce partnership with FX specialists Moneycorp.

He said: "The buying and selling of that money has always needed planning and never more so than in recent years with Brexit negotiations and now with serious world factors linked to Covid 19.

"These have caused increased uncertainty and extra movement in rates.

"In the last 15 months the GBP/USD rate has seen a high of 1.4200 and a low of 1.1490 – that’s close to 18%.

"For companies trading internationally, fluctuating exchange rates can be so difficult to manage and hard to budget for.

"If the markets move against you it can erode or even eliminate profits and in a time of tight margins and increasing raw material costs it is ever more important to protect yourself from exchange rate risk and make savings wherever possible."

Email john.sawyer@moneycorp.com or call 0203 823 0526.