Making money
a less risky business
Nicholas Tubb outlines strategies to minimise the impact of currency fluctuations on profit margins

Traveltrade, 25 January, 2006
If you would like more information about services for travel and tourism professionals, please call us on (02) 9911 7799 or submit your request online and we'll be happy to assist you.

Ruesch International's Australia office is proud to support the Australian tour operator and tour wholesaler industry through membership of the Council of Australian Tour Operators. CATO represents the majority organisations within Australia who collectively turn over in excess of $AUD 500 million per annum in travel expenditure and promote every destination on the Globe.
Solutions for Travel and Tourism Professionals

Because most travel and tourism professionals fix the price of their packages well before the beginning of the season, managing the risk of market fluctuations is critical for budget planning and protecting profit margins. Ruesch International offers a variety of customised risk-management tools that help travel and tourism professionals lock in rates of exchange months in advance—thereby helping to minimise the risks of market uncertainties.

For example, if you are planning a "Summer Sun" tour the brochures will go to print the autumn before. How will you know how to set the costs for the following summer packages when the currency won't be converted until a future date? In this scenario, a Forward Contract with Ruesch enables you to purchase a specific amount of foreign currency at a secured rate of exchange for delivery on a set date, typically between 6-12 months in the future. With this secured rate, you can confidently proceed with price listings and budget plans, without having to worry about currency fluctuations eroding your profit margins.

To help you better time your payments with favourable market conditions, Ruesch offers complimentary market monitoring tools that help keep you informed of market movements and rate fluctuations. Ruesch also offers RueschLINK, a complimentary account management system that enables you to store, track, and execute your transactions online.


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