CONTROL YOUR EXCHANGE RATE RISK AND FIX YOUR RATE FOR UP TO A WHOLE YEAR IN ADVANCE
In an increasingly competitive global marketplace, it is crucial for businesses to accurately forecast and account for future exchange rates in order to protect and improve their bottom line.
As none of us can be 100% sure what will happen, the only way we can be certain of a future rate is to enter into a forward contract. This allows businesses to know the pricing levels they are working to going forward, better preparing them for their future cash flow and budget.
A Forward Contract enables you to fix your exchange rate for up to one year in advance, so you’ll know exactly how much you’ll get when you make your international money transfer.