Fix a rate for up to 12 months to protect against moving exchange rates

Create currency confidence and stay ahead of market moves

  • Used as part of a hedging strategy, Forward Contracts can help protect against a future change in price
  • Lock in a rate for an agreed amount anytime between two days to 12 months
  • Lock in a rate for an agreed amount anytime between two days to 12 months
  • Fix all, or even a portion of your known FX costs for the year ahead
  • Need flexibility? You can make the fixed-rate transfer earlier than the contracted date if you need to
  • Lock in rates between 19 currencies, including all majors

Talk to an OFXpert. You’ll feel currency confident in no time.

Peace of mind for future payments despite moving exhange rates

From mortgage payments to tuition fees, repayments or even one-off bills, a Forward Contract could help you avoid the uncertainty of moving market rates. You need to be certain that you need the currency, because you can’t cancel a Forward Contract.

Get more certainty around costs, so you can focus on the profit

If your business has finalised an order to buy goods or services and is looking to reduce the uncertainty around moving exchange rates, a Forward Contract might help. You need to be sure that the goods or services are definitely going to be delivered by the supplier because you can’t cancel a Forward Contract. 

Protect your money from foreign exchange risk

A change in the exchange rate between now and the time you need to send or receive money abroad is known as foreign exchange risk.

Whether that’s money for you or your business, it’s good to do everything you can to protect it. Forward Contracts could be a clever way to help.

Real people. Real help.

To set up a Forward Contract just sign up, then give us a call. If you have any questions or would like us to talk you through the upsides and downsides, our OFXperts are available 24/7.

FAQs

Need to send money swiftly and securely right now? Our single transfer option may be right for you.

Also known as a “Spot Deal,” a single transfer means you can lock-in the current exchange rate and start sending your money to your recipient.

Legally you’re required to send your funds to us within 24 hours of locking-in the deal. Then we’ll send your funds to your recipient using our global network of bank accounts.

You can choose from 55 major and exotic currencies to transfer with. Select a currency pair and enter your transfer amount in our currency converter to start a single transfer today.

Our OFX Customer Rate is an estimated rate that is based off the current Market Rate and includes our margin but excludes any fees (if applicable). 

Each OFX Customer may get a different rate depending on the Market Rate; the value of their transfer; how often they transfer; and or the currency pairing of their transfer.

To see what rate we can offer you on a currency exchange transfer with OFX, please login to your OFX account. If you do not have an OFX account, register now

Talk to an OFXpert. You’ll feel currency confident in no time.