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For access to your online account please contact your personal account manager, alternatively email hello@currencyflow.com
For access to your online account please contact your personal account manager, alternatively email hello@currencyflow.com
When you send a large sum overseas, the rate you get can make a huge difference to what arrives. Sometimes even a small shift changes the total by thousands.
With a forward contract, you agree on the rate now and make the payment later. That way you already know the cost in advance and are protected if the rate moves against you before the transfer.
Currency markets can change quickly, sometimes in your favour but often not. When making a large international payment, even a small movement in the rate can mean paying much more than expected. A forward contract puts you in control.
Tell us how much you want to exchange and when you’ll need it
Based on today’s market, we secure your chosen rate.
The balance is due when the contract matures.
On the agreed date, we send your funds at the fixed rate.
To set up a forward contract, you’ll need:
Sometimes the date of your payment is fixed, but the exchange rate isn’t. That’s where a forward contract can help.
In most cases, up to 12 months. It depends a little on the currencies you’re dealing with and what you need, but a year ahead is typical.
No, just a deposit to get things started. The rest isn’t due until the contract ends and the payment goes through.
Yes, but there may be costs if the market has moved since the rate was set. We’ll explain these before you commit.
If you have a fixed payment date and amount and want certainty over the cost, a forward contract is worth considering. Our currency specialists can help you decide.
