Home FAQs Uncategorized Are there any downsides?

Are there any downsides?

Keep in mind that if you book a Forward Contract, it may mean losing out if the market rate improves because you’re contracted to settle at the agreed rate.

OFXpert Tip: Some customers use a Forward Contract for only part of their currency needs as a way to partially hedge against volatility. You can then make one-off transfers at the current rate for the remainder of the currency you need.