What is a forward contract?
A forward contract enables you to choose the current mid-market rate and set a future date to send the money.
When would a forward contract be the right move for me?
Forward contracts are a great option if you’re worried about potential changes to the exchange rate you'd be offered between two currencies (a currency pair).
Sure, you could just wait until you’re ready to make your payment or purchase to make your transfer, but you can’t guarantee that you’ll like your rate when the time comes.
Are you planning on making any larger purchases, particularly property or investments? You can ensure you'll get the most for your money if you lock in your good rate now, even if you won't be making your transfer for months.
How do I set one up?
You'll need to contact us. Please select the contact option at the bottom of the page to do so.