Time-Option Forward Contracts
You may reserve a time-option forward contract. This contract allows greater flexibility in paying and could save you a lot of money if the exchange rate drops before you need to send the money overseas.
For example, a property developer may give you a date of February 2012 as an approximate completion date but may tell you it could take a bit longer. Your currency dealer is likely to recommend that you set a date for your time option forward contract of May 2012.
This means that you can buy your currency, at today’s rates, with just 10% deposit. You can then settle the currency contract anytime before the maturity date (This example: May 2012), with no penalty. If the house is built earlier than expected, all you have to do is send us the other 90% of the money, and we will change it at the rate that was agreed, then send it onto wherever you ask us to.
Live currency exchange rates are shown in the table below. They are updated every 12 minutes and display the mid rate between the buy and sell rates. If you would like a quote for the best foreign currency exchange rates today when buying a time option forward currency contract, please contact us. Global Currency Exchange Network: No commission and No transfer fees.
Is it safe?: Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE
Currencies - Cross Rates
| GBP | EUR | USD | AUD | AED | SEK | |
|---|---|---|---|---|---|---|
| GBP | 1 | 1.1597 | 1.56125 | 1.58516 | 5.74109 | 10.66881 |
| EUR | 0.86229 | 1 | 1.34626 | 1.36687 | 4.9505 | 9.19963 |
| USD | 0.64051 | 0.7428 | 1 | 1.01531 | 3.67723 | 6.83349 |
| AUD | 0.63085 | 0.7316 | 0.98492 | 1 | 3.62178 | 6.73045 |
| AED | 0.17418 | 0.202 | 0.27194 | 0.27611 | 1 | 1.85833 |
| SEK | 0.09373 | 0.1087 | 0.14634 | 0.14858 | 0.53812 | 1 |
| Other Currencies |
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