commonwealth foreign exchange

Founded in 1993, Commonwealth Foreign Exchange Inc. (trading as Commonwealth FX) was a prominent non-bank provider of foreign exchange and international payment services. The company specialized in helping corporate and private clients manage their currency exposures and execute cross-border payments efficiently. Its key services included currency risk management strategies, spot transactions, and forward contracts. In 2018, Commonwealth Foreign Exchange was acquired by the UK-based international payments and currency exchange group, Moneycorp, to expand Moneycorp's footprint in North America. Following the acquisition, the company's brand, operations, and services were integrated into Moneycorp.