Forward Contracts: Lock In Your Exchange Rate
Exchange rates don't stay still. They can shift a little each day, or sometimes quite a lot. A forward contract lets you lock in a rate now and settle the payment later, so you know exactly what it will cost.
- Lock in today's exchange rate for up to 2 years
- Protect against market volatility
- Ideal for budgeting large future payments
- Personal support from currency specialists
Send, save... & relax.
Transparent pricing with no hidden extras.
Why forward contracts matter
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.
Why use a forward contract?
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.
- Protect against volatility: Markets jump around all the time. By fixing your rate now, you don't have to stress about it later.
- Budget with certainty: No guesswork. You'll know the exact amount months before you need to pay.
- Plan ahead: Fix today's rate and make the transfer later, whenever the payment is due.
How it works
Agree the amount and date
We lock in your rate
Pay a small deposit
Transfer when ready
What you'll need
To set up a forward contract, you'll need:
- The amount and currency you want to exchange
- Your payment date(s)
- A small initial deposit (we'll confirm the exact amount)
- Your recipient's bank details
When a forward contract makes sense
Sometimes the date of your payment is fixed, but the exchange rate isn't. That's where a forward contract can help.
Buying or selling overseas property
Paying large invoices
Regular payments
Forward contracts vs. spot transfers
| Feature | Forward Contract | Spot Transfer |
|---|---|---|
| Rate fixed in advance | Yes | No |
| Protects against rate drops | Yes | No |
| Can benefit from rate rises | No | Yes |
| Ideal for fixed payment dates | Yes | Partial |
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Why choose Currencyflow?
Clear, competitive pricing
Get great rates explained upfront, with no hidden fees.
Flexible terms
Choose contract lengths that fit your timeline and payment plans.
Specialist support
Our experienced team is here to guide you and answer your questions.
