How to Buy a Forward Currency Conract, and Save money
How to Buy a Forward Currency Contract.
If you have a need to fix a currency exchange rate today, for a payment date at some future point, then you are likely to need a Forward Currency Contract.
- You may have agreed to buy a property today, but the completion of the legal paperwork may be set for 2 month’s time
- You may be in business, and need to fix the price of ordered imports at today’s exchange rate. Especially, if you anticipate that the exchange rate may not be as much in your favour when you need to pay for the goods.
- You may work abroad and have a need to regularly transfer a sum of money, but you believe that the exchange rate is at it’s best today
As long as you believe that the exchange rate is good , and you have 10% of the full amount you want to buy, then a Forward Currency Contract could be the choice for you.
Here’s an example:
- You agree to buy a property for 200,000 Euros and you have your money currently in Pounds Sterling.
- You are planning to have a 100,000 euro mortgage, so you need to buy 100,000 euros with pounds.
- The exchange rate is at the best rate for selling pounds to buy euros for a while.
- In this example, the GBP:EUR exchange rate is 1.17 to 1, then the property is costing you £170,940.
If the exchange rate changes to 1.08 by the time that you need to change the money, then the price of the property effectively goes up by £14,245 to £185,185.
As you will be changing half of that amount, you will need to find an extra £7122 on the completion date.
To avoid this, all you have to do is:
- Agree to buy €100,000 today, at a rate of 1.17, but send your currency dealer just 10% as a deposit.
- Pay the balance on the day that the contract ends, which can be set for over a year’s time.
The downside? Well, of course, the exchange rate may go the other way. But, you will at least have the comfort of knowing that the price of your property purchase is fixed.
FAQ: Can I have the money earlier than planned?
Yes, because your currency can create the currency exchange as a “Time Option Forward Currency Contract”. Provided you send the money to the currency broker, they will change it and send it to wherever you ask at any date before the final day of the contract.
To discuss how your currency dealer can help you with a Forward Currency Contract, please speak to Zoe on 0044 (0)1480 458400. www.fx-foreignexchange.com
Buy and Sell Pounds at the Best exchange Rates Today
Buy and Sell foreign currency at the best rates available today.
The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.
The exchange rates for currency, London pound sterling, GBP, for the morning of 24th November 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.1644 | 6.0884 |
| Australian Dollar | AUD | 0.5561 | 1.7989 |
| Brazilian Real | BRL | 0.3499 | 2.8652 |
| Canadian Dollar | CAD | 0.5687 | 1.7593 |
| Swiss Franc | CHF | 0.5967 | 1.6764 |
| Egyptian Pound | EGP | 0.1115 | 9.1017 |
| Euro | EUR | 0.902 | 1.1089 |
| Hong Kong Dollar | HKD | 0.07788 | 12.8442 |
| Indian Rupee | INR | 0.01301 | 77.2778 |
| Japanese Yen | JPY | 0.006788 | 147.353 |
| New Zealand Dollar | NZD | 0.4406 | 2.271 |
| Polish Zloty | PLN | 0.2193 | 4.5722 |
| Russian Rouble | RUB | 0.02095 | 47.7622 |
| Swedish Krona | SEK | 0.08783 | 11.4018 |
| Thai Baht | THB | 0.01823 | 55.2284 |
| US Dollar | USD | 0.6035 | 1.6572 |
| East Caribbean Dollar | XCD | 0.226 | 4.4745 |
| South African Rand | ZAR | 0.08032 | 12.4798 |
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
Global Currency Exchange Rates, Buy and Sell
Buy and Sell foreign currency at the best rates available today.
The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.
The exchange rates for currency, London pound sterling, GBP, for the morning of 20th November 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.1622 | 6.1694 |
| Australian Dollar | AUD | 0.554 | 1.8057 |
| Brazilian Real | BRL | 0.3486 | 2.8762 |
| Canadian Dollar | CAD | 0.5666 | 1.7657 |
| Swiss Franc | CHF | 0.588 | 1.7012 |
| Egyptian Pound | EGP | 0.1098 | 9.2203 |
| Euro | EUR | 0.8885 | 1.1256 |
| Hong Kong Dollar | HKD | 0.07685 | 13.0144 |
| Indian Rupee | INR | 0.0129 | 77.7103 |
| Japanese Yen | JPY | 0.006674 | 149.873 |
| New Zealand Dollar | NZD | 0.4443 | 2.2519 |
| Polish Zloty | PLN | 0.2174 | 4.6122 |
| Russian Rouble | RUB | 0.02075 | 48.2224 |
| Swedish Krona | SEK | 0.08711 | 11.495 |
| Thai Baht | THB | 0.01799 | 55.8211 |
| US Dollar | USD | 0.5956 | 1.6792 |
| East Caribbean Dollar | XCD | 0.2231 | 4.5339 |
| South African Rand | ZAR | 0.08004 | 12.5153 |
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
Best Exchange Rates, 0% Commission, NO Fees
Buy and Sell foreign currency at the best rates available today.
The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.
The exchange rates for currency, London pound sterling, GBP, for the morning of 19th November 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.1622 | 6.1694 |
| Australian Dollar | AUD | 0.554 | 1.8057 |
| Brazilian Real | BRL | 0.3486 | 2.8762 |
| Canadian Dollar | CAD | 0.5666 | 1.7657 |
| Swiss Franc | CHF | 0.588 | 1.7012 |
| Egyptian Pound | EGP | 0.1098 | 9.2203 |
| Euro | EUR | 0.8885 | 1.1256 |
| Hong Kong Dollar | HKD | 0.07685 | 13.0144 |
| Indian Rupee | INR | 0.0129 | 77.7103 |
| Japanese Yen | JPY | 0.006674 | 149.873 |
| New Zealand Dollar | NZD | 0.4443 | 2.2519 |
| Polish Zloty | PLN | 0.2174 | 4.6122 |
| Russian Rouble | RUB | 0.02075 | 48.2224 |
| Swedish Krona | SEK | 0.08711 | 11.495 |
| Thai Baht | THB | 0.01799 | 55.8211 |
| US Dollar | USD | 0.5956 | 1.6792 |
| East Caribbean Dollar | XCD | 0.2231 | 4.5339 |
| South African Rand | ZAR | 0.08004 | 12.5153 |
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
Buy and Sell Exchange rates for today
Buy and Sell foreign currency at the best rates available today.
The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.
The exchange rates for currency, London pound sterling, GBP, for the morning of 18th November 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.162 | 6.1771 |
| Australian Dollar | AUD | 0.554 | 1.8056 |
| Brazilian Real | BRL | 0.3471 | 2.89 |
| Canadian Dollar | CAD | 0.5654 | 1.7695 |
| Swiss Franc | CHF | 0.5877 | 1.7021 |
| Egyptian Pound | EGP | 0.1098 | 9.2255 |
| Euro | EUR | 0.8875 | 1.127 |
| Hong Kong Dollar | HKD | 0.07676 | 13.0307 |
| Indian Rupee | INR | 0.0129 | 77.735 |
| Japanese Yen | JPY | 0.006674 | 149.885 |
| New Zealand Dollar | NZD | 0.4439 | 2.2536 |
| Polish Zloty | PLN | 0.2165 | 4.6309 |
| Russian Rouble | RUB | 0.02069 | 48.3685 |
| Swedish Krona | SEK | 0.08673 | 11.5464 |
| Thai Baht | THB | 0.01796 | 55.9401 |
| US Dollar | USD | 0.5948 | 1.6813 |
| East Caribbean Dollar | XCD | 0.2228 | 4.5396 |
| South African Rand | ZAR | 0.08025 | 12.4921 |
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
Currency Exchange Trading rates this morning
Buy and Sell foreign currency at the best rates available today.
The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.
The exchange rates for currency, London pound sterling, GBP, for the morning of 10th November 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.1628 | 6.1471 |
| Australian Dollar | AUD | 0.5539 | 1.806 |
| Brazilian Real | BRL | 0.3508 | 2.8604 |
| Canadian Dollar | CAD | 0.5616 | 1.7814 |
| Swiss Franc | CHF | 0.5915 | 1.691 |
| Egyptian Pound | EGP | 0.1101 | 9.195 |
| Euro | EUR | 0.8939 | 1.119 |
| Hong Kong Dollar | HKD | 0.07713 | 12.9677 |
| Indian Rupee | INR | 0.01287 | 78.1191 |
| Japanese Yen | JPY | 0.006643 | 150.576 |
| New Zealand Dollar | NZD | 0.441 | 2.2689 |
| Polish Zloty | PLN | 0.2128 | 4.7103 |
| Russian Rouble | RUB | 0.02077 | 48.172 |
| Swedish Krona | SEK | 0.08709 | 11.4976 |
| Thai Baht | THB | 0.01798 | 55.9263 |
| US Dollar | USD | 0.5978 | 1.6732 |
| South African Rand | ZAR | 0.08016 | 12.5176 |
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
Pound sterling remains strong against the US Dollar
Buy and Sell foreign currency at the best rates available today.
The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.
The exchange rates for currency, London pound sterling, GBP, for the morning of 4th November 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.1664 | 6.0126 |
| Australian Dollar | AUD | 0.5505 | 1.8172 |
| Brazilian Real | BRL | 0.3482 | 2.8873 |
| Canadian Dollar | CAD | 0.5678 | 1.7622 |
| Swiss Franc | CHF | 0.5958 | 1.6789 |
| Egyptian Pound | EGP | 0.1125 | 9.0044 |
| Euro | EUR | 0.9001 | 1.1112 |
| Hong Kong Dollar | HKD | 0.07885 | 12.6844 |
| Indian Rupee | INR | 0.01295 | 77.5151 |
| Japanese Yen | JPY | 0.006772 | 147.716 |
| Polish Zloty | PLN | 0.2098 | 4.7791 |
| Russian Rouble | RUB | 0.02085 | 48.0067 |
| Swedish Krona | SEK | 0.0859 | 11.6559 |
| Thai Baht | THB | 0.0183 | 54.8247 |
| US Dollar | USD | 0.6111 | 1.6366 |
| East Caribbean Dollar | XCD | 0.2289 | 4.4188 |
| South African Rand | ZAR | 0.0773 | 12.9737 |
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
Buy Sell Pound Sterling Rates Today
Buy and Sell foreign currency at the best rates available today.
The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.
The exchange rates for currency, London pound sterling, GBP, for the morning of 16th October 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.1686 | 5.9352 |
| Australian Dollar | AUD | 0.5692 | 1.7576 |
| Brazilian Real | BRL | 0.3639 | 2.7555 |
| Canadian Dollar | CAD | 0.6031 | 1.6589 |
| Swiss Franc | CHF | 0.6103 | 1.639 |
| Egyptian Pound | EGP | 0.1137 | 8.9018 |
| Euro | EUR | 0.9244 | 1.0819 |
| Hong Kong Dollar | HKD | 0.07988 | 12.5206 |
| Indian Rupee | INR | 0.01348 | 74.4137 |
| Japanese Yen | JPY | 0.006884 | 145.316 |
| New Zealand Dollar | NZD | 0.4613 | 2.1692 |
| Polish Zloty | PLN | 0.2203 | 4.5499 |
| Russian Rouble | RUB | 0.02109 | 47.455 |
| Swedish Krona | SEK | 0.08952 | 11.1844 |
| Thai Baht | THB | 0.01854 | 54.1839 |
| US Dollar | USD | 0.6191 | 1.6155 |
| East Caribbean Dollar | XCD | 0.2301 | 4.3942 |
| South African Rand | ZAR | 0.08546 | 11.7384 |
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
Global Exchange Rates Today
Here is a sample of the global currency exchange rates from this morning. If you would like to be kept informed of any particular currency exchange rate, just let us know in the form below this table. We trade commercial amounts and commercial rates.
Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account
GLOBAL CURRENCY EXCHANGE NETWORK - Base currency British Pound
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.1596 | 6.2702 |
| Australian Dollar | AUD | 0.4054 | 2.4683 |
| Brazilian Real | BRL | 0.271 | 3.7083 |
| Canadian Dollar | CAD | 0.4881 | 2.05 |
| Egyptian Pound | EGP | 0.1057 | 9.6278 |
| Euro | EUR | 0.7764 | 1.2883 |
| Japanese Yen | JPY | 0.005786 | 172.92 |
| Polish Zloty | PLN | 0.2134 | 4.6969 |
| US Dollar | USD | 0.5861 | 1.7067 |
n.b these are just indication rates as of 8.30am on Wednesday 22nd October
- Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) .
- We’ll quote you the best exchange rate for Euro, usd, gbp, aed and more.
Keep up-to-date, visit our foreign exchange dealing site and request to be kept informed about a particular currency.
Today’s British Pound rates vs main Currencies
The British Pound Currency rates this morning versus other currencies including Dollar, euros, USD, canadian and Australian dollars together with the Brazilian Real, were….
Base currency British Pound Sterling as of Thursday, 2nd October
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham | AED | 0.1531 | 6.5397 |
| Australian Dollar | AUD | 0.4467 | 2.24 |
| Brazilian Real | BRL | 0.2933 | 3.4209 |
| Canadian Dollar | CAD | 0.5297 | 1.8889 |
| Egyptian Pound | EGP | 0.1038 | 9.7986 |
| Euro | EUR | 0.792 | 1.2629 |
| Japanese Yen | JPY | 0.005302 | 188.7 |
| Polish Zloty | PLN | 0.2336 | 4.2913 |
| US Dollar | USD | 0.5621 | 1.7795 |
Currency Exchange for Larger Businesses
FX-foreignexchange have a small team of specialist currency dealers, together with a support team, who cater for larger business clients such as trust fund companies, larger conglomerates with separate businesses in different financial zones around the world.
Often, these businesses have a long term arrangement to make regular money transfers. The individuals involved have other tasks to perform within the operation so they regularly go down the line of least resistance. They use their banks! Clearly, if you are a good customer, the bank will offer you a favourable rate but rarely will a bank offer the level of personal service that fx-foreignexchange can offer.
We were recently introduced to a Finance Director who had the task of transferring in the region of 1.4M Euros every month to his European counterparts. He had negotiated the costs with his bank and rang them to negotiate the rate each time he needed to make the transfer, so he felt that he had got the best deal for his business.
We were happy to demonstrate over 3 months that he had saved in the region of 20,000 pounds with a combination of spot rate buying, forward buying and stop-loss orders.
Of course, he didn´t have time to keep an eye on the rates. And, he certainly didn´t get a call from his account manager at the bank every time the rate was favourable. He didn´t even get a daily FX rate update on his email from his bank. He DID get all of that from us.
It retained company profits and made his job easier. If you would like an informal discussion on how we can help your business to retain more profit when dealing overseas, please call us and ask for David Osborne.
Our UK number is : 0044(0)1480 458400 , or just go to CONTACT US.
For more information, please visit fx-foreignexchange.com
Foreign Exchange Rates for Today
Base Currency: British Pound, GBP on Wednesday, September 3, 2008
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| UAE. Dirham | AED | 0.1523 | 6.5699 |
| Australian Dollar | AUD | 0.4708 | 2.1249 |
| Brazilian Real | BRL | 0.339 | 2.9605 |
| Canadian Dollar | CAD | 0.5232 | 1.9123 |
| Cyprus Pound | CYP | 0.8135 | 1.2295 |
| Egyptian Pound | EGP | 0.1048 | 9.6897 |
| Euro | EUR | 0.8135 | 1.2295 |
| British Pound | GBP | 1 | 1 |
| Japanese Yen | JPY | 0.005157 | 193.991 |
| Polish Zloty | PLN | 0.2426 | 4.1326 |
| US Dollar | USD | 0.5593 | 1.7881 |
Contact us, to get a quote for the best rates today.
If you prefer to speak to someone, call 0044 (0)1480 458400, ask for Zoe
