April 18, 2024

Introducing five new currencies to our FX platform

We're thrilled to announce that we've expanded our currency offerings. Starting today, you can gain access to five new currencies, broadening the scope of your financial interactions and opportunities.
Written by
Alec Whitten
Published on
April 18, 2024

We're thrilled to announce that SafeExchange has expanded its currency offerings. Starting today, you can gain access to five new currencies, broadening the scope of your financial interactions and opportunities. Here’s a closer look at each of these new additions:

🇧🇷 Brazilian Real (BRL)

Brazil, the largest country in South America, is renowned not only for its cultural richness and diverse landscapes but also for its robust economy. The Brazilian Real is now available, allowing you to engage with one of the world’s most dynamic economies, whose sectors range from agriculture and manufacturing to services.

🇮🇳 Indian Rupee (INR)

India, with its vast cultural diversity and rapidly expanding economy, is an essential player on the global stage. The Indian Rupee is a significant addition to our currency portfolio, offering you the chance to connect with a market that’s as vibrant as it is varied.

🇲🇾 Malaysian Ringgit (MYR)

Malaysia, located in the heart of Southeast Asia, boasts a thriving economy driven by electronics, palm oil production, and a booming tourism sector. The inclusion of the Malaysian Ringgit enables transactions in a country known for its economic resilience and innovation.

🇵🇭 Philippine Peso (PHP)

The Philippines, celebrated for its stunning beaches and rich biodiversity, also has a resilient economy underscored by strong sectors like outsourcing, remittances, and agriculture. The Philippine Peso will now facilitate trade and exchanges in this vital Southeast Asian market.

🇲🇦 Moroccan Dirham (MAD)

Morocco’s economy is as diverse as its landscapes, with tourism, agriculture, and manufacturing playing pivotal roles. By introducing the Moroccan Dirham, we are opening doors to a market that bridges the Mediterranean and Atlantic, offering unique business opportunities.

Conditions for Using New Currencies

To take advantage of these new offerings, here are the conditions you need to meet:

  • These currencies are available as BUY only options.
  • A beneficiary must be pre-selected when executing a trade.
  • You are required to pre-fund your balance to execute a trade.
  • New currencies can only be bought against major currencies such as the GBP, EUR, and USD.
  • Failed payments will be returned in the sold currency.

What’s Next?

Looking ahead, we are excited to share that we plan to introduce additional currencies in the future, including the Indonesian Rupiah (IDR), Vietnamese Dong (VND), Egyptian Pound (EGP), Nigerian Naira (NGN), and Pakistani Rupee (PKR).

Stay tuned for these upcoming releases and continue to explore new markets with SafeExchange. As always, we are committed to providing you with a secure and efficient platform for all your currency exchange needs.

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