Currency Exchange

Corporate Products and Solutions

Currency Exchange Products and Solutions

There are numerous ways to purchase foreign exchange - FC Exchange provides you with a wide range of services, products and options - each of which offers competitive rates, no hidden fees, no commission, and complete peace of mind.

If you are not sure what type of contract you'd like, why not call us and we can guide you through the various options that see which type will best serve your needs. Call us on +44 (0)20 7989 0000.

FC Exchange offers more than 23 currencies for sale or purchase - if the currency you want is not listed below - please call us on +44 (0) 20 7989 0000.

  • (AED) UAE Dirham
  • (AUD) Australian Dollar
  • (BHD) Bahraini Dinar
  • (CAD) Canadian Dollar
  • (CHF) Swiss Franc
  • (CZK) Czech Koruna
  • (DKK) Danish Krone
  • (EUR) Euro
  • (GBP) British Pound
  • (HKD) Hong Kong Dollar
  • (INR) Indian Rupee
  • (ILS) Israeli Shekel
  • (JPY) Japanese Yen
  • (MAD) Moroccan Dirham
  • (MXN) Mexican Peso
  • (NOK) Norwegian Kroner
  • (NZD) New Zealand Dollar
  • (PLN) Polish Zloty
  • (SGD) Singapore Dollar
  • (SEK) Swedish Krona
  • (THB) Thai Baht
  • (USD) United States Dollar
  • (ZAR) South African Rand

Spot FX

Spot Contracts are a simple yet popular foreign exchange option. They are used when currency is required immediately and allow you to buy the currency of your choice at the live market rate. When your funds have been received and cleared, your currency will be available to you immediately. 


See Case Study

Forward Contract

With a Forward Contract, you can fix your rate of exchange for the currency transfers you intend to make for up to 24 months in advance. This helps keep your budget intact as you know just how much you are going to receive when converting funds. 

 

We will agree on an exchange rate with you at which to transfer your funds for the desired contract length. A deposit will then be required from you which depends on the contract length and currencies exchanged, and when the transaction is executed, you pay the balance at the pre-agreed rate. With your rate fixed, there is no worry of it being affected by market fluctuations and turmoil. 

 

This type of contract is ideal if you don’t need to make a payment immediately. For example, if you’ve agreed to purchase a house, but the completion date is a few months off, you can fix the rate so that you’ll know exactly what the property costs on the day. Knowing the price you’re paying in advance of your purchase commitment is added peace of mind.  

 

In special circumstances if necessary, along with allowing you to fix the exchange rate, this contract type also lets you alter the settlement date. You could ‘drawdown’ early or ‘roll’ the contract, although there may be an additional cost to do so which is why it is best to carefully consider the date you book your contract to in order to avoid unnecessary costs later down the line. 

 

When we set up a Forward Contract for you, we will ask for a deposit. This is to cover the risk we take when agreeing to buy your currency at the rate determined in advance. We normally request a 10% deposit but you can call us and we will discuss your particular requirements with you.

 

Depending on currency exchange rate fluctuations, we may need to increase your deposit i.e. request additional funds from you over the time period of your contract in order to maintain the agreed deposit level.

 
See Case Study

Stop Loss Order

Protect yourself against a sudden adverse movement in the exchange rate using a Stop Loss. This type of foreign exchange has become more popular - simply specify the minimum rate you need to achieve and the stop loss will automatically ensure that your currency is purchased if the exchange rate falls unexpectedly. This allows you to hold out for a better exchange rate while protecting yourself against a sudden fall in the market.


See Case Study

Limit Order

Take advantage of sudden favourable movements in the exchange rate using a Limit Order. Determine the exchange rate you are hoping to achieve and your currency will automatically be purchased if the market reaches your desired level.


See Case Study