If you are looking to transfer currency within the immediate future, a spot contract could be for you. The exchange rate quoted on the day is the price you will receive. This is suitable for singular and regular payments.
If you have future currency exposure, a forward contract could be for you. You can exchange currency at a fixed rate on a date in the future, up to two years in advance. Usually a deposit is required. For more information on how to manage your exposure click here.
Another way of managing future currency exposure is to buy an option. This allows you to choose whether to trade at the option rate or the rate on the day. A premium is required to enter this contract.
For further information about these services or any others, please call our team on 0845 658 2223.