• Why Use World First?
• How the Process Works
• Forward Contracts

How do Forward Contracts Work?

Forward contracts enable you to fix an exchange rate in advance of actually needing to make an overseas payment.
The advantages:

Case Study

Mr. Jones agreed to buy a house in February that cost €350,000 with payment due on the 14th November. Between the 14th February and the 14th November 2008, the sterling to euro exchange rate moved from 1.3214 down to 1.1620.



When Mr Jones agreed to buy the property, the cost using the exchange rate in February was: £264,870. If Mr Jones had waited until November and used the exchange rate then, the cost would have risen to: £301,204, an increase of over: £36,334.

In fact, Mr Jones, entered into a "Forward Contract" with World First, which enabled him to fix the exchange for his November transaction in February.

	Euros	Pounds
Cost of Property (February exchange rate)	€350,000	£264,870
Cost of Property (November exchange rate)	€350,000	£301,204
Cost of Property (November rate "forward contract" fixed in February)	€350,000	£265,755

With the forward contracts we offer, you can have peace of mind knowing that irrespective of exchange rate movements, you will always have a fixed sterling cost.


Please contact our:
Private client desk on 020 7801 9080
Corporate client desk on 020 7801 9050

You will be assigned a friendly and professional consultant to discuss your requirements. They will work with you on every step of the transaction.

We look forward to hearing from you.