Forward contracts - lock an exchange rate for a future payment
Forward contracts protect against adverse currency movements by locking lock into favourable exchange rates. You pay a deposit and you can secure the current exchange rate for a payment made at any time within the next 24 months.
A forward contract is useful if you have future commitments for an overseas payment, such as a stock order from an international supplier. You can make sure that the rate doesn't move against you.
Forward contract example: exchanging £100,000 into euros
Indicative rates only. The rates shown are examples and whilst reflective of rates Moneycorp offers, do not guarantee rates you may receive.
To find out more about option contracts or discuss our other foreign exchange services for your business please call us.
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TTT Moneycorp Limited is authorised and regulated by the Financial Conduct Authority for the provision of payment services. Moneycorp Financial Risk Management Ltd is authorised and regulated by the Financial Conduct Authority for the conduct of designated investment business.