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What is a forward exchange contract?
If you need to lock in a rate but aren’t quite ready to transfer now, our Buy Now, Transfer Later tool (known as a Forward Exchange Contract) may be right for you. This tool allows you to lock in a rate today for up to twelve months in the future, protecting you against possible unfavorable exchange rate movements.
More Ways To Transfer FAQs
- I’d like to set up a recurring transfer. Is this possible?
- I don’t have time to watch the market. Can you help?
- How to Transfer Money from One Bank Account to Another
- I’m not sure what option is best for me. Can you help?
- What are my transfer options with OFX?
- What is a wire transfer?
- What is peer-to-peer money transfer?
- What’s the best way to send money online?
- What is a forward exchange contract?
- What is the difference between a Forward Exchange Contract and a Limit Order?
