Fixed Exchange Rates for Euro, United States Dollar
Progressive Productions is a well-capitalised company that enjoys the benefits of a wide scope of banking services, has a conservative financial policy, and aims to generate advantages for its clients through financial stability.
We free our clients from exchange rate risks”
One of the means of creating these advantages is a fixed exchange rate. In Hungary the national currency is the Hungarian Forint (HUF). We are aware of the fact that a small country’s even lesser-known currency can imply a major risk for our clients when planning the budget (especially because of the fluctuation of the exchange rates). Because of this, we calculate our budget in Hungarian Forint but convert it to Euro, US dollar from the very beginning, and lock the exchange rate of the Hungarian Forint and the other chosen currency when the budget is accepted. This way the invoice to our clients will be issued in one of the aforementioned three currencies, in which our client also has the possibility to pay so they never have to deal with Hungarian currency during these transactions. Therefore we free our clients from exchange rate risks that come from the fluctuation of the Hungarian Forint exchange rate.
By offering these financial services, we are amongst the top production companies on the European market as we are able to provide maximum financial security for our clients. These services do not come at extra cost for our clients because the production markup covers it all.