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Foreign exchange solutions for you

No matter what your needs are, we can help. Our solutions will have you covered whether you need to make a one off payment, set up regular transfers or just want to protect a rate for a future transaction. Learn more about how we can help below.

Buy now, pay now

If you need to make an international payment straight away (or with very little notice) then "Buy now, pay now" could be the one for you. We would offer you a rate based on the live exchange rate on the day and you can make a payment there and then. The big banks usually call this a Spot Contract. They're great if you just need to get it done. And we'll make sure you get the best rate possible, we've even got a price promise!

Buy now, pay later

If you want to lock in a rate but aren’t ready to make a transfer - fix it up to 3 years in advance. The great thing about this is that you'll know exactly how much you'll get when you're ready to transfer. If we were going to be all fancy about it, we'd call this a Forward Contract.

You might need to pay an initial deposit, then the balance will be due at the end of the contract.  If the rates move against you, you may need to top up the deposit. Your dealer will explain and discuss this with you before you book your forward.

Regular payments

Automate your regular international payments. You can set up a plan with us so that when we receive your money, we'll convert it quickly, reliably and securely. That way, your payments get to your bank account minus the hassle. And you can choose if you want it converted at the rate on the day, or you can lock in a rate, making budgeting a whole lot easier.

Best of both

For when you've got a transaction coming up and want the security of fixing a rate but also want to be able to benefit if the rates move in your favour when you actually come to make the transaction - the Best of Both might be right for you. These are also known as Currency Options.

Also known as a 50% participating forward

Basically, you set a worst case rate and if the rate moves in your favour you'll get the 50% of the upside.

The reason you don’t get 100% of the upside is that you don’t pay a premium. But you still have 100% protection if rates move against you.

So if the rate was worse than your worst case rate you'd buy all of the currency at your agreed worst case rate. And if the rate is better than your worst case rate then you'd buy 50% of your currency at the better rate and the other 50% at your worst case rate.

Advantages

  • Guaranteed worst case rate
  • You benefit from favourable currency moves on 50% of your money
  • Zero premium to pay

Disadvantages

  • Your worst case rate is slightly worse than a forward contract

Sleep easy

If you know the rate you want or know the rate you definitely don't want but don't have time to keep tabs on what's going on, just tell us. If the rate gets to where you want it - we'll take action and book it for you. And if it gets to where you don't want it - we'll do the same again. We'll strike while the iron's hot to make sure that you get the best deal possible or protect yourself if the markets move against you. Other people would call these Firm Orders.

That way you can sleep easy. So whether it's all going up, down, left or right we'll have you covered.