Forward contracts remove the uncertainty of future payments by letting you lock-in the current exchange rate for up to two years. They are very useful if you are on a tight budget or need the reassurance of a guaranteed sum to meet an important commitment.
They’re a totally safe way of protecting your overseas payments from a sudden market downturn. On the flipside, you won’t get the benefit if the market turns in your favour. Register with us to discuss all your options and make the best choice
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How it works
A Forward Contract is a legal agreement to buy a certain amount of currency at an agreed rate in the future. You would normally pay 10% of the money up front, as a deposit, and can spread the remaining payments out at any time within the duration of the contract.
Is it the right choice for you?
Forward Contracts work well for people who are concerned about the impact of currency volatility and can’t react quickly to sudden market movements. They can also be a good choice if you need to make regular overseas payments, such as mortgages, or other bills.
Combining a Forward Contract with one of our Regular Payment Plans provides gives you the peace of mind of knowing the right amount will arrive on time and in budget every time.
Need some expert advice?
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