Currency Exchange

Private Products and Solutions

There are many ways to buy foreign currency. As a specialist foreign exchange broker, FC Exchange offers a wide range of options to do just that - all of which help to secure very competitive exchange rates, with no hidden fees, no commission and with total peace of mind.

If you are not sure what type of contract you want or need, give one of our expert brokers a call to guide you through the various options and contract types and discuss what's best for you - +44 (0)20 7989 0000.

Spot FX

A Spot Contract is the most basic and popular currency exchange product. Spot Contracts are used when currency is required immediately and enable you to purchase currency at today's live rate which will then be available to you on receipt of your cleared funds.

Forward Contract

A Forward Contract allows you to fix your exchange rates for up to 2 years in advance. This ensures you know exactly just how much you are going to receive when converting currencies and help keep your budget intact. 

Firstly, FC Exchange will agree a rate of exchange with you at which to transfer your funds for your contract term. You pay us a deposit, which will depend on contract length and currencies exchanged, and when the transaction is then to be executed, you pay the balance at the pre-agreed rate. This means your rate is fixed and will not fluctuate as the market does.

Forward Contracts can be ideal if you do not need to make payment immediately – for example, if you have agreed to buy a house, but the completion date is a few weeks or months away. It allows you to fix the exchange rate, so you know exactly what the property will cost on the day. This protection can allow peace of mind as you have committed to a house purchase but need to know the price you are paying.

If required in exceptional circumstances, a Forward also allows for the settlement date to be altered in addition to letting you fix the exchange rate. You could ‘drawdown’ early or ‘roll’ the contract. There may be an additional cost associated with this which is why it is best to spend some time thinking about the date you book your contract to, to avoid unnecessary costs later down the line. 

When we set up a Forward Contract for you, we will ask you for a deposit. It is taken to cover the risk we take when agreeing to buy your currency at a 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.

Stop Loss Order

Protect yourself against sudden adverse movements in the exchange rate using a Stop Loss. This type of foreign exchange option 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.

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.  

Our currency exchange case studies illustrate how our products, services and particular contract types can save you time and money.   

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