Control your currency costs
Transparent international payments with no hidden fees. It’s time to enjoy competitive exchange rates and currency expertise.
Understanding the currency exposure of your business is the first step towards mitigating any risk and protecting your company from movements in the FX market.
Fluctuations in exchange rates have an impact on the cost of international payments, and with different providers offering different rates of exchange, even a fraction of a percentage point can make a big difference.
120+ currencies available to exchange
Helping more than 11,000 business customers
Competitive pricing giving you access to more than 18 liquidity providers
Market updates to keep you informed of currency movements
With Moneycorp, you can identify the functions of your business that may leave you vulnerable to the currency market. Discover foreign exchange tools that may protect your operations and profits, including the following:
Forward Contract
A forward allows you to buy currency on an agreed future date at a fixed exchange rate for future requirements. This may require a deposit and can lock in a rate for up to two years*.
Spot Contract
This is an agreement between you and your FX provider to exchange money and buy foreign currency at the present exchange rate and can be used for imminent payments.
FX Orders
If you need a particular exchange rate but have no urgency to purchase straight away the two types of Market Orders - a limit order and a stop loss order - could help.
Currency options
The most basic option offers the right - but not the obligation - to exchange currency at a known rate for a known date in the future**.
Moneycorp's secure online platform provides you with access to make foreign exchange and international payments from one simple login.
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*Forward Contracts may or may not require a deposit dependent upon your facility agreement.
**Following an initial assessment of your risk-appetite and investment objectives they can formulate and illustrate a bespoke solution for you to consider. Please note that Option related products are regulated investment products which can carry a higher level of risk than Forward Contracts.
