Fix your exchange rate
Foreign exchange pairs like Sterling and Dollar are changing every second of every day. Whilst it may be fun to watch for market-makers and forex traders, it’s less fun if you just want to know what your final cost of making a payment is.
Protect yourself from the rough seas of foreign exchange with a forward contract to commit to buying a set amount of currency at a set price. We’ll supply it, no matter how far the rate’s moved by then, so you know you’re always going to get a great rate. Second, you may want to “hedge” your risk by setting strict upper and lower limits on the range you’ll purchase a currency in, keeping you firmly in control of your funds.
Many circumstances require a combination of these tools, but your dedicated account manager will be able to advise on the best approach according to your circumstances.
The benefits of a forward contract are threefold:
- You’ll secure a rate for the future – even if the rate worsens, you’ll still receive the same price.
- You’ll know your price ahead of time so you can have your accounts in order and rest assured that the correct amount of money is going where it’s supposed to.
- It’s done and dusted – you don’t have to think about foreign exchange for the duration of your forward contract. You could say we sell peace of mind.