Allows you to lock into an exchange rate for a period of up to three years. This means that if exchange rates do move against you, your rate – and therefore property purchase or transfer – remains unaffected.
The currency market can be extremely volatile, with exchange rates changing by the second. Transacting when rates are in your favour can make a big difference, and timing is crucial. That’s where we come in.
Whether buying an overseas property, moving abroad or making regular international payments, market volatility could interfere with your plans.
However, there are a number of ways we can help you avoid such a scenario, and get you more for your money.
A forward contract
Allows you to fix an exchange rate and apply it to a money transfer that you need to make within 10 working days. There is no need for any prior funding or deposit, but you need to pay us before the currency is due to be paid to your recipient. This contract type is ideal if you need to make a payment quickly, but are looking for the most competitive rate.
Can help you get the most for your money if you are not restricted by payment deadlines. You let us know what rate you want to trade at, and our partners will book your deal when the market reaches that rate.
We can help you find the best solution
MFX / Moneycorp experts speak English, not jargon. We’ll take the time to explain everything clearly, so you’ll be able
to make an informed decision about the best solution for you.