Target an Exchange Rate

Target an Exchange Rate

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Make the most of your money when exchange rates are in your favour

Timing is crucial when it comes to getting the best exchange rate. Currency markets are unpredictable, which is why being able to control the rate you receive can make your money go much further. Fortunately, we provide a number of specialist tools designed to help you navigate the market and achieve the best deal for you.

There are three easy ways to target a rate: 

 

Exchange now, pay later 

Secure a rate and transfer later with a currency forward contract. This allows you to lock in a prevailing exchange rate for up to two years, regardless of any upturns or downturns in the market. This may require a deposit, however ensures you know exactly how much money you’ll receive when you convert money or make an international payment.

 

Track a rate with an exchange rate alert

Through your moneycorp account, you can set up a currency exchange rate alert. This means that we will notify you via email or SMS letting you know when a currency reaches the desired level you set. With an exchange rate alert, you can take advantage of any upturns in the market, without needing to constantly check the moving rate. 

 

Market Order

A Market Order lets you target a desired rate and set up an automated payment conditional to that rate. This means that if your target rate is achieved, we will exchange your currency and make your overseas payment then and there. That means you won’t miss out if the rate moves overnight, and can get on with your day without having to worry about monitoring the market.

Why target a rate with moneycorp?

Foreign exchange specialists since 1979

Foreign exchange specialists since 1979

Trading in 120+ currencies

Trading in 120+ currencies

Service available online 24/7

Services available online 24/7

Making the most of your international payments account

Regular payments

Regular payments

Pay by Direct Debit and send your international payments weekly, monthly or quarterly and even lock in a favourable rate for up to two years.

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Online account

Online account

Access your funds 24/7, ensuring you can get to your money whenever you need to.

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Red explorer card

Red explorer card

Add a free explorer card to your account and get the same great exchange rates wherever you see the MasterCard logo.

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See what our customers are saying about us... 

Refer a friend and you will both get £75.

Refer a friend and you will both get £75.

Tell your friends about moneycorp and you’ll both get £75 when they exchange £2,500 within 3 months. T&Cs apply.

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