 |
home sitemap contactOzForexNZForexCanadianForexTranzfers |
|
 Add to your favorites |
||
|
||
Forward Exchange Rates
A Forward Foreign Exchange rate is the exchange rate at which one currency can be exchanged for another currency for settlement on a predetermined future date (maturity date). Clients can take advantage of forward exchange rates using forward exchange contracts (FEC). An FEC allows clients to lock in an exchange rate today for a transfer that needs to occur in the future (between two days and twelve months from today), thereby protecting against exchange rate movements in the interim. The forward rate is calculated by adjusting the current market rate (the spot rate) for "forward points", which take into account the difference in interest rates between the two currencies and the time to maturity. The forward points are based on a formula which is standard industry practice; this is not an extra margin charged by UKForex. You do not have to pay the full amount owing on the FEC until the maturity date. There may however be a deposit required at the commencement of the transaction and/or at a later stage prior to the maturity date. If you would like a quote for a forward exchange rate or want to know more about forward rates please call our dealing desks on: UK Local Call: 0845 686 1950 Australia Free Call: 1300 300 524 (corporate clients) Australia Free Call: 1300 300 424 (private clients) Canada Local Call: 1800 680 0750 NZ Free Call: 0800 161 868 International: +44 845 686 1950 ...or register at www.ukforex.co.uk/register for online access.
|
 |
|
| Home Page |  |
Regulation | |
Privacy Policy | |
Complaints | |
Website Terms | |
Contacts & Support |
 |
IMPORTANT: Use of this website is subject to the Website Terms. Use of the Services
of the UKForex Limited is subject to the Client Agreement. Nothing on this website constitutes
or should be construed as financial advice. This information has been prepared for distribution
over the internet and without taking into account the investment objectives, financial situation and
particular needs of any particular person. UKForex Limited makes no recommendations as to the
merits of any financial product referred to in this website, emails or its related websites.
© 2010 Copyright UKForex Limited. All rights reserved worldwide.
Money Laundering Regulation Number (MSB): 12219180.
Issued by HM Revenue & Customs (HMRC)
Money Laundering Statement
|