Buying Currency with a Forward Contract

Why should anyone consider buying foreign currency using a forward contract? What is it, how does it work, and what are the benefits of using it for money transfers? Purchasing an existing French property with completion due several months later exposes you to the risk that your property will end up costing you more than you originally anticipated, due to adverse exchange rate movements.

Buying Euros with a Forward Contract

By using a forward contract, you can secure a rate now or when you sign the initial contract, thereby fixing your property price and protecting you from unexpected foreign exchange costs. Our experienced brokers will liaise with you, understand your unique currency requirements, and provide guidance on selecting the currency tools that best suit your needs.

They will also ensure that your funds are sent via priority telegraphic transfer, arriving at your chosen destination within your timescale. In other words, they ensure that the right amount of money gets to the right place at the right time (and that we can assure you does not always happen when people use their own banks). It’s a similar tale for insurance.

We can offer a personalised currency transfer service, guaranteeing our clients the same account handler from start to finish. Do you realise that a small difference in exchange rates of €0.01 to the £ would mean a difference of €2,500 on £250,000!