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Currency tools

Our currency converter lets you to set custom rate notifications, view historical currency levels or check on live exchange rates. With our tools and services you can make the right call at the right time and stay on top of the latest market movements . Our risk management and option services ensure you stay on the right track.

From currency

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All currencies

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Transfer amount

To currency

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All currencies

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Clearing amount

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These are mid-market rates, which are not available to the public and are for indication purposes only. To view available rates please login or submit a short registration.

Currency risk management

It is easy to manage your currency risk using a few simple tools and instruments we can offer you. We have the in-house expertise to tailor the appropriate currency risk management solution for you or your business - helping you protect your profits, reduce your costs and streamline your international payments.

We will help identify, evaluate and mitigate the day-to-day currency risks you face, while giving you the tools to take advantage of the associated opportunities.

How we can help you

Market orders

Limit orders 

A limit order provides an upside price target. You set a price target above where the market is currently trading; when the market hits your price, your order is automatically filled.

 

 

Stop-loss orders

A stop-loss order does exactly that – it stops loss. It allows you to set a "worst case" price to trade at below the current market level. Your order will be filled if the market drops to (or beyond) your protective price.

 

OCO orders

An OCO order ("One Cancels the Other") allows you to set an upper and lower price range. The moment that your upper or lower price target is hit, your order will be filled at that price and the other price target is immediately cancelled. Market orders can be used to trigger either a spot order or a forward contract.

Hedging

Forward contracts

A currency forward contract is a non-standardized contract set up between two parties to buy or to sell a currency at a specified future time, at a price agreed upon at the time of contract initiation.

Want to know more?

How do forward contracts work?

1

Determine the future date you would like the currency delivered on. This needs to be exact as booking will take place on the live market.

2

Sign the forward contract and pay
over the required deposit.

3

Once the deposit has been received we can secure the exchange rate and book the currency.*

4

On date of settlement, the balance must be settled. The currency will be transferred at the agreed forward contract rate.

* Deposits needs to be paid in order to cover any risk associated with the currency pair.
The deposit is usually between 5-10%.

Want to know more?

Options offer protection for you and your business against exchange rate movement

Gain from upside foreign exchange movement while protecting against any downside risk .

How does a currency option work?

  1. The buyer decides which currency he/she would like to exchange for another as well as which date this conversion needs to take place.
  2. The buyer then decides what exchange rate he/she is willing to accept
  3. The price for the contract, called the “premium”, is then paid to the seller to purchase the contract.
  4. On the day of conversion:
    1. If the exchange rate is worse than the agreed upon rate, the buyer will choose to exercise the option at the better, agreed upon exchange rate.
    2. If the exchange rate is more favourable than the agreed upon rate, the buyer will simply choose to ignore the contract and purchase currency at the better rate on the day

How to get started

  1. Create your free account here.
  2. If you're a new client, you’ll need to provide us with a copy of your passport and proof of address to activate your account.
  3. You’ll receive a call from a risk and hedging specialist who will walk you through the options platform.

Contact us

Fill in the form below and a consultant will contact you as soon as they are able

South Africa

Cape Town

Regent Square
Doncaster Road
Kenilworth 7708 +27 (0) 21 657 2120

Durban

25 Richefond Circle
Ridgeside
Umhlanga 4320 +27 (0) 31 536 8843

United Kingdom

Croydon

One Croydon
12-16 Addiscombe Road
Croydon CR0 0XT +44 (0) 20 7759 7514

Australia

Melbourne

9 Yarra Street
South Yarra
VIC 3141 +613 (0) 8651 4500

Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services License issued by ASIC to deal in foreign exchange (1st Contact Group - AFS License number 335 126).

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