G-Fit Co., Ltd.
Launched a currency exchange hedge guide that guides the timing and amount of exchanges from foreign currencies to Japanese yen and from Japanese yen to foreign currencies using calculations based on AI trend prediction and financial engineering.
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G-Fit Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President and Representative Director: Shinichiro Urashima, Representative Director: Shinichi Sakane, hereinafter referred to as the “Company”), which provides the exchange risk control cloud service “Traedum”, is a company that provides AI trend prediction and financial services. We have released a new feature that uses engineering to suggest the optimal timing and amount for currency exchange, taking into account exchange rate fluctuations.
By utilizing this function, you will be able to achieve more advantageous rates and minimize exchange rate risks when exchanging foreign currencies to Japanese yen and Japanese yen to foreign currencies.
[Image: https://prtimes.jp/i/110792/18/resize/d110792-18-6300edfd84aa4024ac7b-0.png&s3=110792-18-793461f6ecf323ebfcde2f4c4e88894f-1920×1080.png ]
Bank of Japan Governor Kazuo Ueda gave a speech on April 19 in Washington, U.S.A., and said, “If prices continue to rise, there is a very high possibility that we will raise interest rates.” The yen continues to weaken, with the yen fluctuating around 155 yen to the dollar.
There will also be a US presidential election in the fall of 2024, and the dollar-yen exchange rate may change significantly depending on the outcome. The current market situation continues to be difficult for even professionals to predict.
Up until now, our company’s “Traedum” has provided a function that proposes an appropriate way to make foreign exchange contracts for the purpose of hedging the risk of exchange rate fluctuations in foreign currency receipts and payments that will occur in the future. We have started offering the Currency Exchange Hedging Guide in response to the growing need to hedge foreign exchange risks by appropriately exchanging currency rather than using foreign exchange forward contracts.
[Difference between foreign exchange forwarding and currency exchange] ・Exchange forwarding
A transaction in which a specific currency is exchanged for another currency at a specific rate at a future date. Certain credit checks are required.
・Currency exchange
A transaction in which one currency is exchanged for another at the current exchange rate. No credit check.
[User company examples]
・Companies with foreign currency sales and foreign currency deposits When deciding when and how much to convert foreign currency deposits into yen ・Companies that have a certain amount of funds but cannot obtain credit for foreign exchange contracts from banks
Example: A start-up company with sufficient equity but in the red 【detail of function】
This function performs calculations based on trend predictions and financial engineering using a proprietary AI, and guides the timing and amount of exchanging Japanese yen to foreign currency, and foreign currency to Japanese yen, for the purpose of hedging the risk of exchange rate fluctuations.
By specifying a pair from among the 13 currencies handled by “Traedum” and entering the yen or foreign currency to be exchanged within a certain period of time, it is calculated that fluctuations in exchange rates due to exchange fluctuations can be suppressed and a rate as advantageous as possible can be achieved. We will suggest the timing of currency exchange.
◼️About G-Fit G-Fit is a fintech that develops and provides solutions to appropriately control currency risk, which is one of the major challenges of global business, with the mission of “Providing every business with infrastructure that can compete on a global scale.” It’s a company. Through the provision of “Forex Tech,” which combines financial products based on traditional financial engineering with technology based on data science and financial system development, including advanced mathematical models and AI, we aim to support the growth of companies taking on global challenges and the growth of the FinTech industry. We are developing our business to contribute to development.
Company Profile Company Name: GFIT, Inc.
Head Office: FINOLAB, 4th floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo 100-0004
Capital: 388,872,000 yen (capital reserve: 151,313,400 yen)
Established: January 2015
Representatives: Representative Director and President Shinichiro Urashima, Representative Director Shinichi Sakane
Business content: Development and operation of exchange rate prediction/support system [TRADOM], exchange information
Community management
Website: https://tradom.jp/
Registration number: Financial instruments business operator Kanto Local Finance Bureau (Kinsho) No. 3329
Member Association: Japan Investment Advisors Association
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