Our forward exchange contract allows you to buy and sell currencies at a fixed exchange rate for a specified time period. They’re a straightforward way to protect against adverse fluctuations in exchange rates and guarantee the value of future transactions. You pay the foreign exchange rate which is based on the spot rate on the day of the deal. A forward exchange contract is binding.
- Budget for international projects with more financial security
- Know exactly what your costs or income will be
- Fix the rate of exchange on foreign currency transactions for a specified date or time period of your choice