Foreign exchange for you
Transferring funds to / from North America?
Are you living and/or working in Canada or the United States, but still have funds held overseas? If the answer is 'yes' then you're going to need some help moving your money. Whether it's because your need to buy property, pay for living expenses or arrange mortgage payments, whatever your needs, you'll have to convert your foreign currency into Canadian or US dollars or vice versa.
World First can help. We'll convert your money into dollars at the best available rate. And then we'll make the international payment into your account.
If you're living abroad but still have assets in dollars, or you're looking to make regular payments of the States or Canada to an international or domestic account, we can help transfer the funds and pay the money in directly.
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Foreign exchange for your business
Foreign Exchange dealing in dollars
Perhaps you're involved in business in the US or Canada and have regular need to transfer money in and out of the country. That's where World First can help. We make it as easy as possible for you to transact. We don’t do answer machines here and you can call us and deal 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). Sometimes we do need to get some sleep, but our industry leading online platform doesn’t have the same problem. Here you can book rates, choose beneficiaries and view your past payments – 24 hours a day 7 days a week.
Transacting:
These are 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.
Spot contract
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.
Forward contract
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.
Flexible forward contracts
All the benefits of a forward contract but you can transact on or before the day you have set.
Currency Options
Like a forward contract, and more
Like a forward contract, currency options 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.
Other services:
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)
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.
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About us
World First is the leading foreign exchange broker in the UK. Our service is fast, friendly and commission-free. We can transact with clients from any country and transfer funds between virtually all currencies by priority same-day SWIFT transfer.
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