Fixed Forward
Exchange the full amount on one agreed future date. Best when you know exactly when a payment is due.
Fix a Rate Today for Future Payments.
A forward contract locks in an exchange rate now for a payment you'll make or receive later, so you know exactly what it will cost, whatever the market does.
Three Types of Forward
Choose the structure that matches how certain you are about payment dates.
Flexi Forward
Lock a rate for a set future date, with the option to take delivery early if you need the currency sooner. The rate is adjusted for the earlier date.
Window Forward
Use the contract at any time within an agreed window, in one go or in several drawdowns. The full amount must be used by the end date.
Why Businesses Use Forwards
Budget Certainty
Know the cost of future supplier payments, salaries or property completions in your own currency.
Protected Margins
Price your products and contracts knowing your exchange rate won't move against you.
No Premium, Flexible Margin
Unlike options, there's no premium to pay. Where a deposit is needed, initial margin credit facilities can ease the cash-flow impact.
Important Risk InformationA forward contract is a binding agreement to exchange currency at the agreed rate. If the market moves in your favour you won't benefit from the better rate. Providers usually ask for a deposit when you book, and may ask for more (a margin call) if the market moves significantly against the contract.
Start with a Free FX Health Check
Tell us how you move money today. We'll show you what you could save, and which providers fit your business.