Our account managers will ensure you optimise your position and reduce the risks associated with currency fluctuations and volatile exchange rates.
For immediate settlement: A spot transaction is the buying or selling of a foreign currency or commodity at an exchange rate that is agreed upon on when the trade is initialised. Spot trades are normally settled within two working days.
For an agreed date in the future
: A forward contract secures an exchange rate at an agreed time in the future. This contract could cover one or multiple payments at different dates. By booking forward, one is obliged to buy or sell the currency at the agreed price, on a specified future date. You can fix an exchange rate for up to one year in advance, thereby removing currency risk by locking in your rate for a future date.