Get the most out of your transactions with forward currency exchange contracts. Forward contracts are key to managing currency risk and securing the best rate for international money transfers. This transfer option removes the uncertainty of future payments by letting you lock-in the current exchange rate for up to two years. Whether buying property abroad, importing or exporting goods, expanding your global reach or on a tight budget, booking a forward contract with FCP reassures you of a guaranteed sum to meet an important commitment.
Why choose forward contracts?
- Minimal risk: Forward contract agreements are a totally safe way of protecting your overseas payments from a sudden market downturn. On the flip side, you won’t get the benefit if the market turns in your favour.
- More financial control: Booking a forward contract allows you to accurately forecast international money transfer costs and make decisions with confidence. FCP’s dedicated team can also help you further.
- Saves time: Securing a forward exchange rate means you don’t have to constantly monitor and review the currency markets, allowing you to spend more time on what’s important.
Register with us to discuss all your options and make the best choice.
How forward contract agreements work
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 a small deposit of 10% of the money upfront and then spread the remaining payments out at any time within the duration of the contract.
Is booking a forward contract the right choice for you?
Forward contacts work well for individuals who are:
- Expatriates: Managing regular international payments and finances across borders becomes easier and safer with forward contracts. This allows you to plan and budget effectively for future expenses (utility bills, mortgages, in their home currency. Combining a Forward Contract with one of our Regular International Payment Plans gives you the peace of mind of knowing the right amount will arrive on time and budget every time.
- Buying a property abroad: Whether you’re purchasing a holiday home or investing in property abroad, forward contracts provide a way to manage currency risk more effectively and ensure that your budget remains intact.
- Regular travellers: If you need to plan your travel expenses, you can reap the benefits of securing exchange rates in advance with forward contracts, giving you control over your currency transactions and avoiding the impact of market fluctuations during your trip.
Secure your financial future with FCP
Combine the flexibility of forward contracts with tailored payment options to suit your individual needs. Our team of experts is dedicated to helping you get the most out of your currency transactions and achieve your financial goals, no matter where life takes you.
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