Currency Risk Management Tool
The foreign exchange markets can be dramatic. Market orders are a perfect currency risk management tool for growing SMEs, Mini-Multinationals & High Net Worth Individuals.
What are market orders?
If you or your business would like to target an international payment rate that isn’t achievable yet, our market order service can help. It’s a perfect execution tool for clients who want to automatically execute a currency purchase when your target level is reached, with total peace of mind.
When to book a market order and why?
By transferring money to an overseas supplier for example, you’re exposed to currency fluctuations. Forgetting to set a bookable alert can cost you thousands and dent your bottom line. And when your payment volumes increase, your risks increase too. Hence why you may need a more managed approach to your business foreign exchange with market orders.
If your target rate hits while you’re asleep or at a departmental meeting, the trade will be booked automatically. Not only is this a reliable tool, it saves you time and can help protect your profit margins. Currency risk management allows you to make decisions based on strategy and provides you with peace of mind when managing market volatility.
How it works
Plan ahead
Take a proactive approach to currency risk management with a market order. Together with your dedicated relationship manager, you can discuss target exchange rates with proactive guidance, forecasting and market analysis.
Log in and go to ‘Market Orders’
Log onto your CurrencyTransfer dashboard and click on ‘Market Orders’ on the left side navigation. You can use market orders to automatically book either a spot transfer or a forward contract.
Book your market order
Fill out your requirements including your target client rate and expiry date. By booking a market order, you commit to buy your selected foreign currency if your target client rate is met.
Sit back and relax
Once your market order is set up, your international payment will be automatically booked when your target client rate is reached. You will be notified by email whether or not the desired rate is reached within the time period.
In case your target client rate is not met before the expiry date, your order will simply expire and you’ll have the option to either extend it or make the trade manually at the current rate.
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