Independent Treasury &
FX Risk Management
FX Risk Management
Foreign Exchange Risk Management Specialists
Foreign Exchange Risk Management Specialists
We are an independent FX Risk Management firm for South African importers and exporters. We work for you, not the banks. We watch the markets on your behalf and actively manage your currency exposure. Alongside you, we keep a live worksheet: a shared, current view of your exposures, your hedged levels, and the orders we work within our framework. Our discipline is Risk Management, not speculation. Rather than chase the perfect rate, we give you a clear framework, built on over 25 years of our own analysis and IP, so we manage your risk together and act on informed decisions.
Our job is to stand on your side of the table. We are independent and FSCA-licensed to advise (FSP 46282), so we work alongside your bank but answer to you, not to them. Most market commentary tells you what happened; we explain what it means for your business and what to do about it, using our own way of reading this market, built over 25 years. Here is what that gives you that the banks and most advisers don't:
You see your whole position at all times: what's hedged, what's exposed, and the average rate achieved. Almost no one else gives you a live view.
Every trading day, a plain-language read on where the risk is and what to do about it. Our own commentary, written for business owners, not recycled bank notes.
We flag the events likely to move the ZAR before they land, so you're never caught off guard.
Every client goes through the same steps, from the first conversation to the day-to-day support once you're up and running. Click any step to see what it involves.
Nothing sits in a black box. You load your exposure (orders, contracts and commitments) and the worksheet shows your position at all times: what percentage is hedged, what remains exposed, and the average rate achieved. Fully audited. We manage the risk and place cover with your bank as your advisory and intermediary partner. You stay the principal, and nothing happens without your instruction and authority.
We manage FX risk across all the currencies our clients trade, and our daily technical analysis, together with our geopolitical and macro fundamental commentary, is built mainly around the US Dollar, because the Dollar is what moves the ZAR the most. Most businesses buy or sell on gut feel, or because a level looks about right. We replace that with a framework: the levels where the market is likely to turn (support and resistance), which way the trend is running, and what it means for your next decision, so your timing is informed, not guessed. And this is not a new or borrowed method: the framework behind every read rests on over 25 years of our own market experience, analysis and IP. Below is an example of the read our clients get every trading day.
We don't replace your bank; we work alongside it. Your bank gives you the products, the execution and the settlement. We give you independent interpretation, monitoring and guidance, on your side of the table.
We work with all the major South African banks, so we can place your cover wherever you already bank.
Choosing the right product for each exposure is part of how we build your strategy. We use the instruments your banks already offer, spot, forwards, options and JSE-listed futures, and match each one to your risk profile and your written FX policy.
Spot execution and forward exchange contracts (FECs) to lock in rates for future payments and receivables.
Vanilla options and zero-cost option strangles that protect the downside while keeping some upside.
Standardised, exchange-cleared ZAR currency futures, plus JSE options for optionality and option structures tailor-made to your business. Liquid and margin-efficient.
Call and firm orders with stop-loss and take-profit levels. You set the levels; we watch them 24/5 and act, all managed within the Devar framework and our own read of the market.
Transparency isn't just a word we like. It's built into how we're regulated and how we work every day. We're licensed, we're accountable, and we hold to the global principles of good practice in foreign exchange. You always stay the principal, and we act only on your authority and your instruction.
Licensed and supervised by South Africa's Financial Sector Conduct Authority. We hold FSP 46282, authorised for both intermediary services and advice.
Approved by the South African Reserve Bank's Financial Surveillance Department to act as a foreign exchange intermediary. We act as your mandated agent, with every deal settled directly between you and your bank.
Member of the South African Association of Treasury Advisors, the industry body safeguarding standards and representation across the SA foreign-exchange market.
Aligned with the FX Global Code, the global principles of good practice for a fair, open and appropriately transparent foreign-exchange market, set by the Global FX Committee.
"Devar Consulting has adopted the FX Global Code and signed its Statement of Commitment. We conduct our foreign-exchange and Treasury advisory in line with the Code's principles of integrity, fairness and transparency, always on the side of our clients."
While we manage your risk, we also bring your team up to speed on how FX really works. That means a big-picture session for owners and directors, and practical, hands-on time with your finance team.
A plain-language overview of what currency risk means for your margins, and how to think about hedging it, so the decision-makers understand the exposure and the direct impact it can have on the bottom line and the business as a whole.
Hands-on sessions on the day-to-day, not just the live worksheet: monitoring the market 24/5, watching your levels, and working orders within the Devar framework, so you and your team make informed decisions with confidence alongside us.
We help you write the policy that sets what to hedge, how much, and when, so your approach to currency risk is deliberate and consistent.
Not ready to talk yet? Start here. A quick, jargon-free way to see exactly how exposed your business is, and where your gaps are.
These are the kinds of questions the Scorecard puts to you. Answer them honestly and you'll quickly see where your currency risk really sits.
You'll get your FX Risk Score, a breakdown by area, and exactly where to focus. No jargon, no obligation.
The things business owners usually want to know before they talk to us.
Devar offers me the chance to relax, knowing someone is tracking the currency movements for me. If there's an unforeseen move, I'm informed immediately, with time to react. We've made more good decisions than bad using their experience.
Douglas Jung · MD, Jonway
Tell us a bit about your business and we'll be in touch. No obligation, no pressure.
Independent FX risk management, on your side of the table. We watch the market for you and help you act with a clear plan, using the right products your banks already offer.