Articles on: Orders

5.03 What is a 'forward' foreign currency order?

You can place an order for a specified sterling GBP value to purchase foreign currency when our exchange rate reaches a target value within a specified time period, up to 90 days in the future. When creating a forward order you must specify the value of the order in sterling GBP, the target exchange rate in the foreign currency, and select your delivery address and payment method. We will pre-authorise the payment on your selected card at order, but only take the funds if and when the order is executed. You will need to ensure you have sufficient funds on your card to process payment when the order is executed, or we will simply cancel the order at this stage.

Updated on: 27/04/2023

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