Foreign Exchange Dealing
We have many different ways of managing your currency needs. We make it easy for you to transact too. You can call us and transact over the phone – you’ll have a direct line to your designated dealer, who will always answer within three rings (we don’t do automated calling systems).
Or you can use our online platform, which lets you book rates, choose beneficiaries and view your past payments – 24/7.
Our main ways of transferring currency
– but they’re not the only ones. If you can’t see what you need here, please give us a call.
The spot rate is the exchange rate on the day...
If all you want to do is make a single payment or payments, a spot contract could be the way to go.
Fix the rate in advance
If you want to fix the rate you’ll exchange at, a forward contract is one of the ways to do it. It lets you exchange at a fixed rate on a date in the future – up to three years in advance. Learn more about forward contracts.
Flexible forward contracts give you all the benefits of a forward contract but you can transact on or before the day you have set.
Protect a rate and also benefit from rate moves in your favour
Currency Options are like a forward contract, and let you fix a rate for a date in the future. In addition, it lets you benefit if the exchange rate moves in your favour.
Take profit order
Set a best case rate. If currency rates move in your favour and your target rate is achieved, we’ll automatically strike while the iron is hot and buy or sell your currency.
Stop loss order
Agree the ‘worst case’ rate you’re prepared to accept, and if the market moves against you, we’ll automatically buy or sell your currency so you’re protected.
One cancels other (OCO)
Is a combination of a take profit order and a stop loss order. If one is executed the other is automatically cancelled. This will help you achieve a favourable target rate whilst also protecting you against adverse market moves allowing you to set a ‘worst case’ rate.
Call us on 0800 030 5025 or +44 20 7801 9050 to see how we can help you.
Alternatively arrange for us to call you back.