If you don't want to make an immediate transfer and you think the market exchange rate for your currency will improve you can easily attempt to achieve a better exchange rate with a market order.
Target a rate that’s not currently available in the market with our expert help
We offer two types of market order:
A limit order
This allows you to set an exchange rate above the current market level at which, once reached, you will automatically buy (or sell) your currency.
Limit orders are useful if you have upcoming payments but are not restricted by tight deadlines and therefore have time to try and achieve a better exchange rate.
A stop loss order
Stop loss orders let you set a minimum exchange rate at which you would be willing to trade.
You set an exchange rate lower than the current market level which, if reached, you will automatically buy (or sell) your currency.
Stop loss and limit orders are often run together. This enables you to aim for a favourable exchange rate, whilst ensuring that, should the markets turn against you, you don’t lose out. At the moment your stop loss or limit order is triggered, the other is immediately cancelled.
Market order 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 market order or discuss how our other foreign exchange service can work please call.
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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.