Don't leave foreign exchange transactions to chance. A dedicated foreign exchange specialist can offer you advice on how to best protect your money and take full advantage of favourable exchange rates movements.
How you can protect against adverse market movements and take advantage of movements in your favour:
- Forward Contract: Lock in an exchange rate that will be utilised at a later date when you need to execute your transfer. This automatically takes away uncertainty from the equation, allowing you to budget accordingly today. A forward contract can be entered to up to 2 years in advance; a 10 pct deposit is required and the remainder is due when your contract matures.
- Orders: When your rate hits, we execute your order. If the exchange rate moves in your favour and hits a level you are happy with then we automatically buy on your behalf. This is called a Limit Order.
- Likewise, if the rate moves against you we will buy your currency at the rate you believe to be the lowest you are willing to go. This protective deal is known as a Stop Loss Order.
- Hedging: RationalFX can set up a plan to conduct your order in stages. If the rate is good now, part of your deal can be executed with the view that further deals can be conducted when better rates are reached.