menu close
arrow_forward CurrencyFair Blog

We Stayed Open During The Brexit Referendum

June 23, 2016

open-for-business

Providing Consistency Throughout Brexit Uncertainty

As many foreign exchange services closed down ahead of and during the UK’s vote on whether to remain in the EU, we kept the wheels turning so our customers could avoid the turbulence it brought to the currency markets.

As Brits went to the polls, GBP had been bouncing around quite a bit, and reached its highest point against the dollar since December. The fact it was at a two month low as recently as last Thursday June 16th shows just how nervous, brave, silly or clever the markets were being. Check out the FT’s Brexit Live Blog for a review on the referendum day events, news, pictures of cute polling stations and people singing in train stations.

gbp-usd-june23

CurrencyFair Stayed Open During The EU Referendum

Despite this, we remained open throughout this turbulent time to ensure customers weren’t caught out.

As our platform is peer-to-peer and always allows an instant exchange, our customers were at no risk as they will get the rate they choose at the time of the exchange.

Our founder and CEO, Brett Meyers said: “Unless, in agreement with our banking partners, we need to close down trading due to extreme movements in the rates, we aim to provide our customers with the ability to transfer money if they choose. Due to our unique peer-to-peer platform, which gives customers complete transparency in the rate they will receive, we’re highly capable of handling volatility in a currency.”

“I’d be pretty disappointed as a customer if my currency exchange provider couldn’t accept my transfer at such a critical point in time.”

money transfer companies compared

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
comments powered by Disqus