Target rate orders for international money transfers
Choose a target exchange rate and wait to see if the market reaches it. If your target becomes available while the order is active, your exchange can be booked automatically.
- Choose your target exchange rate
- We monitor the market while your order is active
- Your exchange can be booked automatically if the target becomes available
- Change or cancel your order before it's filled
Send, save... & relax.
Transparent pricing, always shown upfront.
Your funds are safeguarded and kept separate from Currencyflow's operational funds. They are held in segregated safeguarded accounts through our FCA-authorised payment institution partner, Sciopay Ltd (FRN 927951).
By Freddie Smith, Founder & CEO, Currencyflow · Updated 24 September 2026
Why target rate orders matter
What is a target rate order?
A target rate order lets you choose an exchange rate for a future currency conversion. If the target rate becomes available while your order is active and the order can be filled, your exchange can be booked automatically. There's no guarantee the target rate will be reached.
This can be useful when your timing is flexible and you have a particular exchange rate in mind. Unlike a forward contract, a target rate order doesn't fix an available rate for an agreed future date. Instead, it waits to see if your chosen target becomes available, so you don't know exactly when or whether the exchange will be booked.
Currencyflow currently requires a 10%-20% deposit to open a target rate order. If the target is reached and the order is filled, the remaining balance is due within 24 hours.
✓ Choose the rate you're aiming for
Set a target exchange rate rather than exchanging immediately at the rate currently available.
✓ You don't need to watch the market yourself
We monitor the market while your order is active.
✓ Your exchange can be booked automatically
If your target becomes available and the order can be filled, the exchange can be booked without you needing to act at that moment.
When a target rate order can be useful
A target rate order can be useful when your timing is flexible and you have a particular exchange rate in mind.
Relocating abroad with a lump sum
Buying property abroad
A big purchase with money due later
Repatriating pension, salary or investment income
A business with a one-off future cost
Repatriating an inheritance
How a target rate order works
Choose your target rate and amount
Open your target rate order
We monitor the market
Pay the remaining balance
What to know before you place an order
- Your target rate might not be reached. A target rate order only fills if your chosen exchange rate becomes available while the order is active. If the market moves the other way, your exchange won’t be booked.
- There's no guaranteed payment date. Unlike a forward contract, which fixes an available exchange rate for an agreed future payment date, a target rate order waits to see if your chosen rate becomes available. If you need a payment to go through by a particular date, a target rate order may not be suitable on its own.
- A deposit is required to open the order. Currencyflow currently requires a 10%-20% deposit. If your target rate is reached and the order is filled, the remaining balance is due within 24 hours.
- You can change or cancel an unfilled order. If your plans change before the order has been filled, you can ask us to change or cancel it, subject to the terms of your order.
Target rate orders vs. forward contracts vs. spot transfers
| Feature | Target rate order | Forward contract | Spot transfer |
|---|---|---|---|
| When the exchange is booked | If your target rate becomes available while the order is active | Rate agreed in advance for an agreed future date | When you book the exchange |
| Timing | No guaranteed date and the order may not be filled | Agreed future payment date | Usually for a payment being made now or soon |
| Exchange rate | You choose a target and wait to see if it becomes available | Available forward rate fixed when the contract is booked | Available rate when the exchange is booked |
| Typical use | Flexible timing with a particular rate in mind | Known future payment with a defined date | Payment being made now or in the near term |
Swipe to see more →
Frequently asked questions
Written by
Freddie SmithFounder & CEO, Currencyflow
Freddie Smith is the Founder and CEO of Currencyflow, an international foreign exchange and payments specialist focused on high-value transfers for individuals and businesses worldwide. With over 12 years of commercial experience across financial services and digital media, including several years working with financial services comparison platforms, Freddie has spent his career at the intersection of partnerships, growth strategy, and money movement. He founded Currencyflow to bring transparent, fixed-margin pricing and personal relationship management to clients making significant international transfers.
Last updated 24 September 2026
