Locked-in Rates For Future Payments
We live in unpredictable times and swings in the currency markets can have a tremendous impact on your company balance sheet or on your personal projects. A forward contract allows you to lock in a rate that fits your budget. You ‘buy now, pay later’, at a specified future date, at an exchange rate agreed upon today.
Plan Ahead
Lock in today’s rate for your future payments and stay in control of your budget.
100% Price Transparency
Your client rate is displayed side by side with the mid-market rate. No hidden fees.
Live Quotes
Our live quotes are refreshed every 15 seconds. Lock in a great rate today and pay later.
FCA Regulated Suppliers
Our suppliers are all FCA authorised. Your funds are safe and secure throughout the process.
When to use a forward contract?
The price of any overseas order changes minute by minute. By booking a forward contract, you can remove this currency risk and secure the cost of your future stock purchases. By ‘playing it safe’, and booking against company budgeted levels, forward contracts help protect company exposures. A forward contract is also very useful when repatriating foreign profits, planning your emigration or investing in an overseas property for example.
Why currency hedging?
You may not like the idea of being locked out of any positive market movements. But currency hedging is made to prevent uncertainty, it allows you to stay on top of your budget without adding any unexpected costs due to market movements. It limits market impacts, creates a safety net, helps to plan and forecast, on top of giving you peace of mind. By hedging your currency, you can make more strategic currency trades.
How it works
Set currency management policy
Leverage our deep experience and insights, you’ll learn about how to protect your business’ exposures.
Secure your rate
Log onto your personal CurrencyTransfer dashboard. Select the currency you want to sell (e.g. GBP), the currency you want to buy (e.g. EUR) and reason for transfer (e.g. Overseas Property Purchase). Lock in a live rate and book a currency contract, at the agreed forward rate for anywhere up to 12 months in advance.
Pay your deposit today
You don’t have to pay it all upfront to secure your currency, only a 10% deposit is required by our payment partners upon booking your forward contract.
Settle the funds later
Simply pay the balance at the agreed date in the future and receive the currency you reserved!
5 Tips to manage currency risk
