Why is the speed of currency exchange services important for FGX?

The speed of currency exchange services is crucial for FGX primarily because it minimizes the risks of price fluctuations during exchanges. In the foreign exchange market, exchange rates can change rapidly due to various factors such as market trends, economic news, and political events. When transactions are processed quickly, FGX can lock in a better rate for customers before any unfavorable changes occur.

This swift processing reduces the exposure of both the business and its clients to potential financial loss that might result from significant movements in exchange rates during the time taken to complete a transaction. By ensuring rapid exchanges, FGX can provide a more reliable service and enhance customer confidence in their ability to facilitate transactions without the risk of losing value due to currency fluctuations.