We can help you find the best solution
Whether you are buying an overseas property, moving abroad or making regular international payments, market volatility could interfere with your plans. There are a number of ways we can help you avoid such a scenario, and get you more for your money.
A forward contract allows you to lock into an exchange rate for a period of up to two years. This means that if exchange rates do move against you, your rate – and therefore property purchase or transfer – remains unaffected.
Market orders can help you get the most for your money if you are not restricted by payment deadlines. You let us know what rate you want to trade at, and we book your deal when the market reaches that rate.
Foreign exchange options
A foreign exchange option (provided by Moneycorp FRM) gives you the opportunity – without the obligation – to buy or sell foreign currencies at an agreed exchange rate on a fixed future date. This guarantees the rate at which you exchange.
* Options products are offered by Moneycorp Financial Risk Management Ltd, trading as Moneycorp FRM, which is authorised and regulated by the Financial Conduct Authority for the conduct of designated investment business. Foreign exchange options and other derivative products are not suitable for everyone and you should ensure you fully understand the risks involved before purchasing these products.
You may also decide on a spot contract, which allows you to use the current exchange rate for your money transfer. There is no need for a deposit, but you need to pay us before the currency is due to be paid to your recipient. This contract type is ideal if you need to make a payment quickly, but are looking for the most competitive rate available.
Personal account manager
We'll provide you with a dedicated account manager who will take the time to explain everything clearly, so you’ll be able to make an informed decision about the best solution for you.
For more information from an expert please give us a call.
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