Foreign Exchange

• An exchange set at the current market rate which will be completed in two business days time
• Value today or tomorrow is available in certain currencies

You can make a spot foreign exchange
transaction for amounts under £20,000 in Internet Banking    

Call us for all other transactions +44 1534 616162

(Lines open 24 hours a day, 7 days a week 365 days a year)
Communications may be monitored and/or recorded for
security and service improvement purposes.

• A foreign exchange transaction set at a pre-agreed rate for completion on an agreed future date
• This rate is guaranteed even if there are movements in the foreign currency markets
• Minimum amount of £10,000 or currency equivalent
• Maximum period of 12 months, longer available in certain currencies

Once an exchange rate has been booked it is fixed and if you do not proceed with the transaction, you will be liable for any loss incurred to reverse the transaction.

You should be aware of the potential risk of investing in a currency which is not your base currency and the effect any change in exchange rates may have, be it up or down, when converting your returns back to your base currency. The underlying investments may be made in local currencies which are subject to exchange rate fluctuations when converting returns back to the base currency.

• A foreign exchange transaction set at a pre-agreed rate for completion between two future dates
• This rate is guaranteed even if there are movements in the foreign currency markets
• Completion happens between two agreed dates
• This is useful if an exact date for the exchange of foreign currency is unknown but you want to fix the exchange rate to give you peace of mind
• Minimum amount of £10,000 or currency equivalent
• Maximum period of 12 months, longer available in certain currencies.

Once an exchange rate has been booked it is fixed and if you do not proceed with the transaction, you will be liable for any loss incurred to reverse the transaction.

You should be aware of the potential risk of investing in a currency which is not your base currency and the effect any change in exchange rates may have, be it up or down, when converting your returns back to your base currency. The underlying investments may be made in local currencies which are subject to exchange rate fluctuations when converting returns back to the base currency.

When you have foreign currency to move or convert you can either:

• Transact at the time you need to move or convert the money with a spot rate exchange
  
  This can be highly risky as the rate isn’t known until the day of the transaction. The time between when you decide you need to convert your money and the day you make the transaction there will be changes in the exchange rate.
  
  This can mean you benefit from a better rate or the rate could go down leaving you with less money than you expected.
  
• Choose to fix the rate of your exchange
  
  As soon as you know you will need to make a foreign exchange transaction you can fix your rate by calling us and booking one of the two types of forward contract.
  
  Fixing the rate for your transaction will allow you to plan ahead with confidence.
  
  If the exchange rate moves down after you fix your rate your agreed rate will not change.