Protect your margins across the entire build
You price in dollars and build in pesos. Over 12 to 24 months, every unhedged milestone payment is an open currency position. Cambium structures forward contracts around your draw schedule so the rate is locked before the first shovel hits the ground.
The problem
Developers in Los Cabos price and sell units in USD but pay all construction costs in pesos — labour, materials, contractors, and subcontractors are entirely MXN-denominated.
The gap between selling a unit and finishing the build can be 12 to 24 months, across which the exchange rate moves constantly.
Without any structure in place, every conversion happens at whatever the market rate is on that day.
If the peso strengthens, your MXN costs effectively increase in dollar terms, eroding margin on a project that was already sold and priced.
The standard approach is building a blunt FX contingency into the budget — often wrong in both directions. There is no advisory, no structure, and no one managing the exposure proactively.
How Cambium solves this
Cambium provides a forward contract locked at inception, covering each tranche in your draw schedule.
We understand construction timelines and structure the product around them — including window forwards that accommodate milestone slippage.
Your rate is fixed, your budget is protected, and you have a partner who monitors your exposure throughout the project. The conversation is not about switching from one provider to another.
It is about doing something instead of nothing.
Developer — $500,000 construction draw over 12 months
Transaction: $500,000 over 12 months
Without hedging — your exposure
Rate at maturity: 16.8500
8,425,000 MXN
With Cambium — locked rate
Locked forward rate: 17.6600
8,830,000 MXN
Potential cost of not hedging
405,000 MXN (~$24,000)
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 build schedule
We take on a limited number of new clients each quarter to ensure dedicated attention.