Currency Solutions founded in the UK in 2003 opened its Cyprus office in January 2005 to predominantly assist the Expat and UK property investment and sales market by providing the business community and residents specialist foreign exchange services with real time exchange rates, flexible trading options, a local support team and personal account managers.
We have seen businesses and the general public in Cyprus, like the rest of the world, feeling the pinch as everyone experiences the effects of the global downturn, further exasperated by increased currency market volatility and lower exchange rates, as the Operations Director Mark Kirby explained.
Commenting on the current business growth, Operations Director, Mark Kirby said, 2009 was an excellent year for Currency Solutions here in Cyprus and 2010 is already showing a positive start. The first three years in business here were great foundation years, where we have built a reputation for efficient and friendly services within the local business networks and communities. We provide an alternative solution to high street bank exchange rates and Clients find working with us they were able to achieve more money for their transactions.
Mark Kirby explained how their marketing distribution strategy via their affiliate programme had also contributed to the companys growth here in Cyprus. Through our Affiliate Partner Programme, we are able to further integrate our service with the local Cypriot business and residential community with foreign exchange exposure, offering island wide businesses the opportunity to introduce our services to their own customers, friends and family.
Currency Solutions operates internationally and has over 20,000 clients worldwide, trading in all major and many exotic currencies. New Business Director, Robert-Lee Griffith joined the anniversary celebration from the UK Head Office and added, This is a great celebration and achievement to have secured new business here in Cyprus and we are continually looking to expand our services. We are already registered with HM Customs and Revenue, and recently we have been approved by the FSA (Financial Services Authority) to further offer our clients security with their transactions.
The anniversary event on Wednesday 24 March was celebrated by invited guests including, clients, suppliers, business support teams and affiliate companies for a cocktail buffet and a chance to meet up with the Currency Solutions team in their Head Office.
In celebrating the first five years here in Cyprus, what do the next five years look like? Currency Solutions Chairman, Dr. Tien Tran is excited about the future and commented, "We are committed to new and innovative ways of helping our clients and excited about the potential for growth in the foreign exchange industry. By investing heavily in the development and implementation of mobile and online applications, Currency Solutions are well placed to be a global foreign exchange leader by 2015."