Extreme currency volatilities have been the shock and awe drama of the flexible exchange rates regime, since its meteoric rise in 1973 as a global casino for speculators. It has neglected its primary objective of providing justified foreign exchange rates for international trade in goods. To fulfill the requirements of the traders, RECIPRO facilitates two types of exchange rate regimes which guarantee the removal or reduction in currency risk- one is fixed and the other, a negotiated one.

The fixed exchange rates system is a technical fix, just as it what was done during the introduction of the Euro. It follows the prearranged system of the Classical Gold Standard under which currencies were evaluated on the value of a specified amount of gold, in local currencies, which in turn, enabled the evaluation of all goods and services within economies. There was no direct exchange rate per se between currencies. Such a trajectory could be termed as the “Econophysics of Currencies” which is explained in full detail elsewhere in the website.

For its fixed exchange rates regime, RECIPRO adopts the market rates as of the 1st January 2021. And for negotiated exchange rates, as the name suggests, the exchange rates are negotiated for every transaction by trade partners.

The above regimes are facilitated by RECIPRO for barter trade transactions only. For greater efficiency, we provide our own barter trade currency known as the Ubuntu Scrip to mediate the transactions. RECIPRO does not sell it outright but is made available to suppliers of goods which could be used for compensatory purchases. It would expire once it is used by its holder in accordance to trade contracts entered. More details on it are available in the website.

Barter trade provides other benefits besides trade payment settlements in goods which includes conservation of foreign exchange, avoidance of redundant acquisition of foreign exchange for procurements from trade partner countries and the opportunity for trade partners to co-creation of reciprocity advantages for their transactions.

Traders shall obtain the necessary approvals for usage of our services, from their respective regulatory authorities, if required. For more information, please send us an email to info@recipro.net or register by filling and submitting the Trade Enquiry form on the contact page.