Currency Contracts

Currencies 4 You have various different currency contracts and financial tools to help you obtain the most for your money. Your Personal Relationship Manager will be able to help identify the right type of contract for you, based on your specific requirements. Every one of our clients has different requirements and we understand this, hence why we work with you more closely to understand your time frame, budget and specific needs to help find the perfect solution for you.

Same Day Contract

If you need to make a payment urgently then a same day value contract is definitely the right contract for you, we can agree an exchange rate with you based on the live market price, and as soon as we receive your funds we will make payment to your destination all on the same day (sometimes can take a day or two depending on the time of day and destination country of payment).

Next Day Contract

If you are worried about the rate dropping, why not lock in the exchange rate today and we will give you until the close of business the next working day to make your payment to your account with us. This is an ideal way to get the rate secured and have an extra day to allow you to make payment when you have some free time.

Spot Value Contract

Very much like the next day contract, a spot contract will allow you to lock in your exchange rate and allow you 2 working days to settle the payment to your account with us.

Forward Contract

A forward contract is very similar to a ‘buy now pay later’ agreement. It allows you to lock in an exchange rate for up to 3 years with a small deposit, a removes any threat to the currency market moving against you.
An example of this would be a client buying stock from an international supplier. On the day you agree to buy your goods you will know the total cost in the currency required, your costs, however, will not remain the same due to the currency markets moving every 2-3 seconds. Your costs will fluctuate with it.
In 2016 some currency pairs moved up to 25% and if you hadn’t locked in a forward contract you could have potentially been paying up to 25% more for your goods. This can be significantly detrimental to your bottom line.
One of the joys of a forward contract is that irrespective of the market fluctuation, once you have locked in an exchange rate, your price is guaranteed. If the market price dropped it will have no impact on your exchange rate, whatsoever. It allows you to know your total cost from the outset.

Market Orders

What is a market order?
A market order is simply an order in the live market, whether it’s an exchange rate you are trying to target or an exchange rate you don’t want it to drop below.

Limit Order

A limit order is placing an order to the live market to try to target a specific rate that you desire. I.E you may be buying a currency that seems a little bit low at the moment, you may, therefore, decide to aim for a price slightly higher. Your Relationship Manager will place the order directly on the market and once it triggers that price you will be notified immediately with a settlement date that suits you. (This will automatically exchange your currency at you have specified).

Stop Loss Order

A stop loss order works similarly to a limit order except it works to protect you from negative fluctuations in the market. I.E you may not want to obtain any less than a specific exchange rate, your relationship manager will place the stop loss order into the market and if the market was to fall below that you would be protected at whatever exchange rate you placed, therefore, mitigating your exposure to a falling market.


Providing we have received your payment in full all of our outgoing payments are made same day. Some payments may take longer dependant on the country we are making payment to. For information regarding payment deadlines and time scales for outbound payments, please speak to a member of our team who will be able to discuss this with you in more detail.

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Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Equals Money. Equals Money is a trading style of FairFX PLC. FairFX PLC is authorised and regulated by the Financial Conduct Authority to provide payment services. (Financial Services Register No: 488396) | Terms and Conditions | Privacy Statement | Careers