As a leading provider of corporate foreign exchange (FX) and global payment solutions, we focus on understanding our client’s business to tailor our products and services to best manage their currency needs. The following case study illustrates how Monex USA was able to help a client secure better market value using FX tools and services.
Client: Texas importer of Mexican onions and cilantro
The Scenario
A Texas agricultural importer supplies fresh cilantro and onions to U.S. restaurants, sourcing weekly from Mexican farms. Managing 25 million MXN in monthly payments, they handle payroll and invoices in pesos and hedge currency risks monthly for smooth operations.
The Challenge
The client’s weekly MXN spot transactions exposed them to currency fluctuations, straining profit margins. With $1–$1.25 million USD idle in a non-interest-bearing account, inefficiencies grew. Securing favorable exchange rates and avoiding payment delays added further challenges, risking product quality and delivery.
The Strategy
Monex USA implemented tailored solutions, including Overnight Orders to set strike prices for Take Profit or Stop Loss, protecting against market fluctuations. MXN Forwards with Window capability were also introduced, allowing the client to draw down from forward balances as needed. These strategies ensured both flexibility and risk management.
“It all boils down to relationship where you feel comfortable and taken care of with somebody that deals with the (FX) market every day and only does this—it is where I want to be aligned..”
The Outcome
The client now benefits from flexible Pay-Advance, Monex USA’s fast SPEI wires, and proactive transaction monitoring via their online platform. With LIVE support and USD/MXN Options for favorable exchange rates, they can confidently manage global payments and strengthen their financial strategy.
