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Gain Control of Your Financial Future

Lock in exchange rates for property purchases, recurring payments, and transfers, with the freedom to choose flexible payment dates.

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Eliminates the need to constantly monitor currency markets
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Allows you to budget your finances accordingly
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You pay a small deposit now and pay the remainder on the payment date(s)
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Achieve your goals with peace of mind and reduce uncertainty
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Get guidance from trusted currency specialists
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Safe and secure payments, authorised by the FCA
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0800 041 8031

Our team are available via telephone from Monday to Friday, 8:30am to 6pm.

What is a Currency Forward Contract?

A Currency Forward Contract is an agreement to secure a set exchange rate for buying a specific amount of currency at a future date.

It helps you protect your international transactions from currency volatility, ensuring cost certainty even in unstable economic conditions.

How a Forward Contract can help

March 2024

Liam and Sophie plan to purchase a charming villa for €175,000 on the beautiful Algarve.

Once they find their dream property, Liam and Sophie put down a €17,500 deposit, covering 10% of the price, to reserve it.

They secure a forward contract, locking in the rate of exchange.

May 2024
September 2024

They transfer the remaining €157,500 to complete the paperwork and finalise plans for their dream move.

Exchange rate secure even though there has been adverse market movement.

Had Liam and Sophie not secured a forward contract at the outset of the process, market fluctuations would have resulted in an additional cost of €12,000.

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Get a free forward contract quote today

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Frequently asked questions

How a Currency Forward Contract can help you

A Currency Forward Contract can help you by allowing you to lock in an exchange rate for a future date, providing protection against currency fluctuations. This ensures cost certainty for international transactions, whether for property purchases, business payments, or personal transfers. By securing a fixed rate, you can effectively manage your budget, avoid unexpected expenses due to market volatility, and gain greater financial stability, especially during periods of economic uncertainty.

When can I use a Currency Forward Contract?

You can use a Currency Forward Contract in various situations where you need to manage exchange rate risk for future transactions.

Common scenarios include:

  • Property Purchases Abroad: Lock in an exchange rate when buying real estate to avoid unexpected cost increases.
  • Regular International Payments: Secure stable rates for recurring expenses like mortgage payments, tuition fees, or salaries.
  • Business Transactions: Protect profit margins when dealing with international suppliers, clients, or large contracts.
  • Investment Transfers: Manage the risk of currency fluctuations when moving large sums across borders.
  • Future Travel or Relocation: Fix exchange rates for upcoming expenses related to travel, relocation, or long-term stays abroad.In any situation involving future foreign currency payments, a forward contract helps you plan with confidence by eliminating the uncertainty of exchange rate movements.

How does a Currency Forward Contract work?

A Currency Forward Contract works by allowing you to lock in an exchange rate today for a specific amount of foreign currency to be exchanged on a future date.

Here’s how it works:

  • Agreement Setup: You and the provider agree on the amount of currency, the exchange rate, and the settlement date when the transaction will occur.
  • Fixed Exchange Rate: The agreed rate remains fixed, regardless of market fluctuations, providing cost certainty for your future payments.
  • Flexible Terms: Some contracts offer flexible settlement dates, allowing you to adjust the payment within an agreed timeframe if needed.
  • No Immediate Payment (Except for a Deposit): In most cases, you don’t need to pay the full amount upfront, though a small deposit may be required. The remaining balance is due on the contract’s settlement date.
  • Final Settlement: On the agreed date, you pay the provider in your local currency, and they deliver the agreed amount in the foreign currency at the locked-in rate.