FX Forwards
Protect your business against currency volatility with FX Forwards. Manage currency risk and lock in a fixed exchange rate today for set foreign currency volumes.
Take control of tomorrow, today.
Gain greater control and predictability with FX Forwards. Volopa supports both Fixed Forwards and Open/Window Forwards, allowing you greater flexibility with your international payments. Get a quote for your Forward contract quickly and easily over the phone.
Make payments worldwide
Send multicurrency business payments to over 180 countries.
Hedge future currency risks
Lock in exchange rates and protect against currency fluctuations.
Use your existing bank account
Manage everything from your current UK business bank account.
With an Open Forward contract, you set an agreed-upon exchange rate with us for a specified future date. You can then convert your currency at that rate anytime before the contract expires, giving you flexibility and protection against currency fluctuations. Contact sales for a quote today.
Get a quote
Contact our friendly sales team for a quote. We provide the best rates.
Lock in your rate
Protect yourself against unfavourable market movements.
Flexible drawdown options
Access your currency at any point for up to 12 months.
For businesses operating globally, Volopa provides a seamless solution for managing multicurrency payments and hedging foreign currency exposure. Specify your amount and carry out currency contracts in GBP, EUR, and USD.
Key Benefits
Stability
Know exactly what exchange rate you’ll get, allowing for more accurate budgeting.
Flexibility
Convert currency at any time with open Forwards within the contract period.
Risk management
Protect your business from adverse currency movements, reducing uncertainty and stress.
Competitive edge
With predictable costs, price your products or services more competitively in the global market.
Challenges of Using FX Forward Contracts
FX Forward Contracts are useful for managing currency risks, but it’s crucial to understand their limitations and responsibilities:
- Commitment to the Contract: You must complete the trade at the predetermined rate, even if market conditions change.
- Initial Margin Requirement: Some contracts may need an upfront deposit, which can affect your cash flow.
- No Market Participation: Once the exchange rate is set, you can’t take advantage of favourable market shifts.
- Cash Flow Considerations: It’s important to have enough funds ready by the settlement date.
- Types of Forwards: Fixed forwards require settling the full amount on a specific date. Open forwards are more flexible but still require full settlement within a certain timeframe.
Knowing these aspects can help you make well-informed choices and manage your international financial dealings effectively. For more information or a tailored quote, please contact our sales team.
We're agile, what about you?
Our experienced team can help you with tailored solutions to suit your business needs.
FX Forwards
Getting started
An FX Forward contract is a foreign exchange agreement that allows you to lock in a specific exchange rate for a future transaction. This provides stability and predictability for your international business dealings.
With an open forward contract, you agree on an exchange rate for a specified future date. You can then convert your currency at this rate anytime before the contract expires, giving you flexibility and protection against currency fluctuations.
You can execute currency contracts in GBP, EUR, and USD.
Currently, we offer contracts up to 12 months. For contract tenures longer than 12 months, please contact our sales team.
FX rates are updated every 30 seconds. Unless booked immediately, the quoted rate may change.
FX Forwards offer several benefits:
- Stability and Predictability: Know your exact exchange rate for accurate budgeting.
- Flexibility: Convert currency anytime within the contract period.
- Hedge Against Risk: Protect your business from adverse currency movements.
- Competitive Edge: Predictable costs allow for more competitive pricing in the global market.
To get started, sign up on our website or contact our sales team for more information.
