A forward contract lets you fix an exchange rate today for a payment you'll make anywhere from a few days to 12 months ahead. It removes currency risk from your planning — giving you certainty over what a future payment will actually cost in your home currency.
Forwards are how businesses protect their margins and households protect their budgets. If you know a payment is coming, you can know today what it'll actually cost.
Fix your rate today for any future date up to 12 months out. Budget with confidence — your future payment cost is already known.
Fixed forwards give you a set maturity date. Window forwards let you draw down across a period — useful if exact timing is uncertain.
Most forwards require 0.5–5% deposit upfront (depending on pair and tenor), with the balance due at maturity — freeing up capital in the meantime.
If the market moves against you after booking, your forward is unaffected. That's the whole point — you've already locked your rate.
The process is only slightly longer than a spot — the extra step is agreeing the maturity date and deposit amount.
You've exchanged on an overseas property and completion is 60 days out. Locking today means you know exactly what the deposit and completion payments will cost in sterling.
You import from a EUR supplier with quarterly payments. Booking four forwards at today's rate protects your gross margins for the year.
You're moving abroad in six months and need a fixed budget. A forward lets you plan your relocation costs without worrying about GBP/AUD drifting against you.
You're rebalancing into USD equities but don't want to convert until next quarter. A forward fixes your entry rate today.
Message us with your date and amount — we'll come back with a forward rate in seconds.