Rand Bureau de Change (Rand FX) is a wholly owned (100%) Black Economically Empowered (B.E.E.) Financial Services Provider operating in the Foreign Exchange Trading market. Rand FX has its nascence in the practical application of Foreign Exchange movements within the study of International Trade growth patterns, a subject analysed by Developmental Economists. Since incepted in 2007 Rand FX seeks to provide a robust, efficient and user friendly platform for legitimate foreign exchange trading. With two operational branche s already servicing the active market, Rand FX looks forward to achieving all underlining objectives.
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STRATEGY AND VISION
Rand FX will in time become a Pan-African Foreign Exchange trading entity headquartered in Johannesburg, South Africa with presence in all African countries of commercial significance. Because we believe in people at Rand-FX we strive for continued customer satisfaction with every transaction. We assure all our clients will receive reliable service at an improved rate. Moving into the future Rand FX intends on becoming a vital and informative conduit for trade to encourage the success of business within investment nations.
Our Mission as Rand FX is relatively simple. To provide the most professional level of service to our Corporate Cl ients and offer the Best possible Rate available at whatever time a Forex Transaction needs to be concluded and processed. Rand FX endeavours to be a platform to service, a wider spectrum of client, the demand in the market for a simple, convenient and safe environment to buy and sell currency.
The underlying logic is such that Rand FX’s reputation will be built on its ability to provide accurate information rapidly and conclude trades within the shortest possible period of time.
Remittances from expatriate workers abroad are a vitally important income streams for families at home. These include nationalitie s such as Nigerians, Bangladeshis and other communities that have settled for commercial reasons in South Africa. The global volumes of illegal Forex remitted to Home Countries are immense , probably immeasurabl e in Economic terms. The bottom end of the market is increasingly under serviced and as a result shopkeepers front as Forex Dealers, whose remittances are settled at the receiver’s end through informal agreements and goods and/or repatriated in the form of exports. Rand FX seeks to drastically reduce this form of illegal trade by offering a smarter, safer South African Reserve Bank (S.A.R.B) regulated platform to trade for all its clients, who have to pay larger than market commissions to ensure safe delivery to the Receiver.
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