Forward contracts to lock in a competitive exchange rate for up to a year
Get a free currency quote!
What can we help with?
Quick and secure international money transfers with transparent pricing.
Move money with our award-winning online platform or over the phone.
Fix an exchange rate for up to a year with a forward contract.
Foreign currency market guidance from your dedicated account manager.
Interested in FX hedging and utilizing forward contracts for your business? Click here
How it Works:
1
Register for an account to give you access to live rates. Decide if you’d like to move money right away with a spot contract, or lock in a rate for future use with a forward contract.
2
When you’ve booked your trade with your dedicated account manager or through our online platform, send us your funds to us to be converted into your chosen currency.
3
After we’ve converted your funds, we’ll send your currency to your designated beneficiary account ready for you to use. It’s as simple as that!
Frequently Asked Questions
We follow strict onboarding and Know-Your-Customer (KYC) policies. We will require valid Government-issued identification along with additional documentation to provide proof of address. Depending on the transaction size, we may also require additional documentation to ensure we remain compliant.
You’ll have a dedicated account manager you can reach on the phone, or you can make your international money transfers whenever and wherever you’d like with our award-winning online platform. Once you’ve booked a trade, you transfer funds to our bank, and we convert your money into your chosen foreign currency before sending it to your beneficiary’s bank account.
When making a foreign currency transfer, it’s always worth doing your research to find a provider that’s right for you. As a currency broker, we specialize in international money transfers, meaning we can offer competitive rates of exchange as well as forward contracts to lock in an exchange rate for up to 12 months. You can speak to our team to find out more.
A forward contract is a financial product that is used to lock in an exchange rate for a period of up to 12 months. While the exchange rate can move in either direction, a forward contract gives you some certainty for your international money transfer. They can be particularly useful when buying a foreign property, or for securing a favorable exchange rate now, for a need in the future.
Please note, however the market moves, you are obligated to trade at the rate agreed when securing a forward contract.
Our payment services are delivered through The Currencycloud, a company owned by Visa Inc. Currencycloud holds authorization from the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011, with FCA registration number 900199, enabling the issuance of electronic money and provision of payment services.
When funds are posted to your account, e-money is issued in exchange for these funds, by Currencycloud. In line with regulatory requirements, Currencycloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Currencycloud’s, or our, insolvency. Currencycloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.
Yes, we send you notifications every step of the way. If you have questions at any stage, you can easily contact your account manager to discuss.
It could be geopolitical developments (like an election or conflict), or it might be routine economic data or central bank interest rate decisions that influence your currency pair. Exchange rates move every day, so speaking to your dedicated account manager can be a helpful starting point to guide you through the market so you can make informed decisions for your large money transfer.
Our available currencies
Pound Sterling
Euro
US Dollar
Canadian Dollar
Australian Dollar
Bahrain Dinar
Bulgarian Lev
Chinese Yuan
Croatian Kuna
Czech Koruna
Danish Krone
Hong Kong Dollar
Hungarian Forint
Indian Rupee
Indonesian Rupiah
Isreali Shekel
Japanese Yen
Kenyan Shilling
Kuwait Dinar
Malaysian Ringgit
Mexican Peso
New Zealand Dollar
Norweigian Krone
Omani Rial
Philippine Peso
Polish Zloty
Qatar Rial
Romanian Leu
Russian Ruble
Saudi Riyal
Singapore Dollar
South African Rand
Swedish Krona
Swiss Franc
Thai Baht
Turkish Lira
Ugandan Shilling
UAE Dirham
A few of the currencies may come with certain conditions. If they affect your needs, we'll inform you right away.
Interested in learning more about forward contracts? Contact us today to speak to our team about your specific currency requirements, receive a no-obligation quote, or discuss locking in an exchange rate.