Target Rate Orders: Get the Exchange Rate You Want
Exchange rates can move in your favour just as easily as against you, sometimes for only a few seconds. A target rate order lets you set the rate you want and wait for it, without watching the market yourself.
- Set your own target exchange rate
- We monitor the market for you
- Executes automatically, even if the rate only holds for seconds
- Regular updates if the market moves against you
- Cancel or change anytime before it triggers
Send, save... & relax.
Transparent pricing, always shown upfront.
Your funds are fully protected with Currencyflow through our FCA-regulated partner, Sciopay Ltd (FCA number 927951), and held in segregated safeguarded accounts with tier-one banks, separate from operational funds.
By Freddie Smith, Founder & CEO, Currencyflow · Updated 30 July 2026
Why target rate orders matter
Waiting for a better rate usually means checking the market yourself, and hoping you don't miss it. A target rate order does that watching for you, and executes the moment your rate is available, even if it only lasts a few seconds.
This is different from a forward contract. A forward contract guarantees your transfer on an agreed future date at an agreed rate, regardless of where the market moves. A target rate order guarantees the rate instead, but only if and when the market reaches it, with no fixed date attached. If you need certainty a payment will go through by a specific date, a forward contract is usually the better fit. If you're flexible on timing and want to capture a specific rate if it appears, a target rate order is designed for that.
Who uses target rate orders
A target rate order works best when you don't have to transfer today, but you know the rate you're aiming for.
Relocating abroad with a lump sum
Buying property abroad, off-plan or otherwise
A large purchase with a deposit already paid
Repatriating pension, salary, or investment income
A business with a one-off future cost
How a target rate order works
Tell us your target rate
We monitor the market for you
Funds convert when your rate is hit
Funds arrive as planned
Key considerations
- There's no guarantee the market will reach your target rate before the order expires.
- If your target rate isn't hit in time, you may need to fall back on a standard transfer at whatever rate is available.
- Target rate orders work best when you have flexibility on timing, not a fixed payment date.
- Unlike a forward contract, no deposit is required until the rate is hit and the transfer executes.
- You can amend or cancel an open order at any time before it's triggered.
Target rate orders vs. traditional banks
| Feature | Currencyflow | Traditional Banks |
|---|---|---|
| Wait for your ideal rate | ✅ Automatic once your target is hit | ❌ Not typically offered |
| No fixed payment date required | ✅ | ⚠️ Rate quoted only on the day |
| Ongoing market monitoring | ✅ Handled for you | ❌ You do it yourself |
| Deposit required upfront | ❌ Not until your rate is hit | ❌ Not usually offered at all |
| Ideal for flexible timelines | ✅ | ❌ |
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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 30 July 2026
