Foreign Currency Options
To get you the Best Rate of Exchange
Currency Exchange Services
Private and Business Clients
Common Currency Pairs
Most used Foreign Currency Options
Spot Contract
This is when the trade is agreed based upon the rate available at the time from the live market, we then enter the market and use company funds to purchase the currency on your behalf and await client payment, as soon as these monies are received the purchased currency is transferred to the clients preferred account. This is one of the most common Foreign Currency OptionsForward Contract
An option where-by we can fix the rate of exchange based upon the spot rate, forward anywhere up to 24 months in advance based upon a 10% deposit, securing clients against any fluctuations in the market over that period of time.This is a popular option when buying or selling a property abroadLimit Orders
Often clients budget for a rate of currency exchange, if the market has not hit this point and they have time to wait, we can put a limit into the market, this means that if the desired rate is achieved, we will buy the currency out and request settlement.Less used Foreign Currency Options
Forward Limit Orders
Another option is to combine the two contract types, if you are looking for a specific rate of exchange we can put a limit into the market for a forward rate to a set date, if the market reaches the desired rate we will then ask for the deposit amount to be paid to fix the forward to the date you have specified.Stop-loss Orders
If the client is worried that the exchange rate may fall dramatically, therefore losing them vital points in their exchange rate, we can put into place a stop-loss order whereby the client instructs us to book out the currency if the rate hits a pre-determined low. At this stage we would then request settlement of funds.Limit & Stop-loss Benefits
By placing an order directly into the market you are guaranteed not to lose your exchange rate, as soon as the market hits the low or high you are waiting for, the currency will be booked out immediately. This means that even if the rate is achieved on a Sunday or at three in the morning on Wednesday, you will be able to secure this exchange rate, the currency will automatically be booked and we will request settlement. See also How to send your fundsAll of the Foreign Currency Options above are good tools for you to use and secure you the best rate of exchange. Always discuss first with your Foreign Exchange Broker to find out what might suit you. Please note these options should be free and part of the Currency Exchange Service.
Learn how Foreign Currency
Options can get you the best exchange rates within your time scale
Currency Exchange Service
What Baydonhill fx Client's Say
* Alison Bell, Presenter iBall TV
“I had the great pleasure of dealing with Baydonhillfx recently when relocating my parents from Australia to the UK. They were informative, efficient and communicative. The end result was a hassle-free, speedy exchange and the price achieved was great - unbeatable in fact! I would happily recommend Baydonhillfx for all your foreign exchange requirements.”
* Mark Vokes,
MD, Concept2Commerce Ltd.
“We've just stopped wasting time ringing around banks and brokers looking for more competitive quotes. You consistently give us the best rate of exchange, our funds always arrive on time and your staff are always polite, helpful and very professional, keep up the good work!”
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