Berry FX

Currency Broker & Money Transfers

Currency Forwards From Berry FX

With a currency forward you can lock in an exchange rate for up to a year in advance.

A currency forward is simply a way of buying currency now at the current exchange rate for a settlement date in the future. When you do the conversion you put down a small deposit, then pay the balance on the date you need the full amount. They are one of the most common ways to reduce and hedge currency exposure for businesses or protect against adverse exchange rates moves for overseas property purchases.

Currency forward contracts for businesses

If your business is importing, exporting or exposed to foreign currency in any way, then using forward currency contracts to hedge and manage the risk of currency fluctuations is essential. Businesses can use forward contracts to lock in a current foreign exchange rate for overseas transactions. The key benefits for companies is that they are able to account accurately for international business in forecasts and budgets.

Currency forwards for individuals

Individuals can use forward contacts if they have an upcoming purchase and want to fix the current exchange rate. The process is very simple and can be done online in a few clicks. If for example you are buying a property abroad and have to make a final payment of EUR500,000 in three months time. But, you think the EURGBP rate will move against you over that period, you can use a currency forward to buy the EUR now, but not have to pay the GBP for another three months.

FX forward drawdowns & rollovers

Customers can drawdown funds on currency forwards before they are due to settle if they are required beforehand. Also, if customers require funds at a later date to settlement forward contracts can be rolled over ahead of settlement.

Request a “Currency Forward Contract” Quote

Tell us a little about your currency requirements and we’ll get right back to you with a bank beating rate and be on hand to answer any questions you have.

Currency forwards are subject to the following deposits: 1-6 months = 5%, 6-12 months = 10%

What Our Clients Say

Superb service thank you! From start to finish the website you have is easy to use and any questions were quickly resolved either on the phone or via email. (1.5m NZD from New Zealand to GBP and EUR)

Really pleased with ease of trade and level of service. Will be using again soon. (200,000 EUR to Germany)

A very easy to use, fast and cost effective service. Great exchange rates too! This will be the way I exchange money from now on! (270,000 CAD to Canada)