Every vendor payment, planned and protected
Los Cabos is one of the premier destination wedding markets in the world. Client deposits arrive in dollars months in advance. Vendor payments are due in pesos at specific dates. Every one of those conversions is currently unmanaged.
The problem
A wedding planner managing a $200,000 event may receive a client deposit in USD six months before the event and spend the majority of it in pesos across dozens of local vendors.
Every one of those conversions is currently unmanaged.
If the rate moves between the time a quote is given and the time a vendor is paid, the planner either absorbs the difference or has an uncomfortable conversation with the client.
These businesses are not large enough to have a treasury function. Their bank gives them a retail rate that is materially worse than wholesale.
No one has ever explained that locking a rate is possible.
How Cambium solves this
Cambium provides better rates, forward contracts, and the ability to lock each vendor payment at a known rate. The planner gains a professional tool.
The end client gains visibility and confidence that their budget is protected. For a business built around client experience, currency certainty is a direct upgrade to the service you deliver.
No bank and no bureau de cambio can offer this.
Destination wedding — $200,000 vendor payments over 6 months
Transaction: $200,000 over 6 months
Without hedging — your exposure
Rate at maturity: 17.2000
3,440,000 MXN
With Cambium — locked rate
Locked forward rate: 17.7500
3,550,000 MXN
Potential cost of not hedging
110,000 MXN (~$6,400)
Illustrative example only. Rates shown are hypothetical and do not represent current market conditions. Past exchange rate movements are not indicative of future performance.
Discuss your event pipeline
We take on a limited number of new clients each quarter to ensure dedicated attention.