Lock in today's rate for a future payment
A forward contract lets you fix the exchange rate for a payment you need to make in the future — eliminating uncertainty and protecting your budget.
If you know you'll need to make or receive a foreign currency payment in the coming weeks or months, a forward contract allows you to lock in today's exchange rate for that future transaction. Whatever happens to the market between now and then, your rate is fixed.
Forward contracts are one of the most widely used tools in FX risk management, and for good reason. They give businesses certainty — you know exactly what you'll pay or receive in your home currency, which makes budgeting and financial planning significantly easier.
They're particularly valuable when you've quoted a price to a customer in a foreign currency, or when you have a known future liability — a supplier invoice, a loan repayment, a property purchase — that you need to plan around.
Your Freedom Global specialist will help you understand when and how to use forward contracts as part of your broader currency strategy, and will introduce you to the right provider to execute them competitively.
Key benefits
Rate certainty
Fix your exchange rate today for a payment up to two years in the future.
Budget protection
Eliminate exchange rate uncertainty from your financial planning and forecasting.
Quote with confidence
Price contracts and proposals in foreign currencies knowing your costs are locked in.
Flexible settlement
Window forwards allow settlement on any date within an agreed period, not just a fixed date.
No upfront cost
Most forward contracts require only a small deposit, with the balance paid on settlement.
Expert guidance
Your specialist will advise on the right tenor and structure for your specific situation.
Eliminate exchange rate uncertainty
Speak to a specialist today. No obligation, no cost.
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