Target an Exchange Rate

Target an Exchange Rate

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Make the most of your money when exchange rates are in your favor.

Exchange rates are unpredictable and are constantly fluctuating, making it difficult to know when to make an overseas payment. Fortunately, with a moneycorp account, you can control the rate you receive and enjoy better value when you send money abroad.  

Our specialist FX tools allow you to target a rate and achieve the best deal for you. 

Track a rate with an exchange rate alert

A currency exchange rate alert can be set up through your online account, which ensures we notify you via email or SMS if the rate reaches a level of your choosing. Now you won’t have to monitor the constantly moving rate and can take advantage of any upturns in the market. 

Lock in the rate now, pay later

Lock in a current exchange for a future payment with a forward contract. This option allows you to secure the prevailing rate for up to two years and make a payment at that rate in the future. 

Forward contracts may require a deposit and must be set up over the phone. They ensure you won’t have to worry about any volatile market movements, as any upturns or downturns won’t affect your locked-in rate. This way, you can rest assured you know how much your international money transfer will cost. 

Set up a market order

You can also opt for a market order, which allows you to target an exchange rate and set up an automated transfer. 

This must be set up over the phone, and means that if your set rate is achieved, we’ll exchange your currency and process your money transfer immediately. A market order makes sure that you don’t miss out on your desired rate, even if it’s achieved overnight. 

Why target a rate with moneycorp?

Bank beating exchange rates

Bank beating exchange rates

Service available online 24/7

Fast money transfers 24/7

Safeguarded customer funds

Safeguarded customer funds

Foreign exchange specialists since 1979

Free expert guidance

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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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Make a payment

Make a payment

Whenever you need to send a one off payment for whatever reason, we can help you.

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