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This transfer is ideal for:

  • Buying a property
  • Emigrating
  • Or making a future international payment

Fluctuating exchange rates can interfere with your plans. This is where Investec Private FX can help you plan and protect yourself against the volatile currency market.

Ways we can help

FX Forward - ‘For a future payment at a guaranteed rate’

An FX ‘Forward Contract’ allows you to lock in an exchange rate for a specific transfer you’d like to make on a known date in the future. By locking in the exchange rate you will know exactly have much your money will be worth when you come to make the transfer.

How it works:

  • Lock in an exchange rate for a period of up to one year.
  • To secure your FX Forward you will need to keep a minimum deposit of 10% of the final transfer amount in your FX Access Account, until the settlement date of the FX Forward.
  • We will pay you interest on these funds to ensure you do not lose out.
  • No matter what happens to the market exchange rate between booking your FX Forward and the settlement date, you are required to complete your contract at the agreed exchange rate.

Market order – ‘For targeting a rate that is not currently available'

Are you looking for a specific exchange rate? Do you have the flexibility of time to wait to make your transfer?

If so, a Market Order could be what you’re looking for.

How it works:

  • You let us know how much you want to transfer and what rate you are looking to achieve.
  • Your Market Order will then be placed on our order system, which is managed by our trading team 24/7.
  • Should the market reach your specified exchange rate (at any time of the day/night), your currency will be bought automatically.
  • We will then make the currency transfer for you (once you have settled the local currency funds).
  • Your order can be amended or cancelled at any time during working hours prior to the transaction taking place.

Alternatively, if you don’t need the funds straight away, we could potentially convert the confirmed Market Order into an FX Forward, giving you the rate you want, on the date you want in the future.

Rate watch - 'For setting personalised rate alerts'

Are you looking for a specific exchange rate? Do you have the flexibility of time to wait to make your transfer? Do you not want to commit yourself so that the currency will be bought automatically at that exchange rate?

If so, our Rate Watch service could be what you are looking for.

How it works:

  • You let us know how much you want to transfer and what rate you are looking to achieve.
  • Your Personal FX Dealer will monitor the market for you during normal working hours.
  • Should the market reach your specified exchange rate, your dealer will contact you to let you know that your rate is now achievable.
  • You will be under no obligation to trade at this rate, and can decide then on what to do (which could include booking an FX Forward, if you know you don’t need the funds straight away).
  • Unlike a Market Order, you will not be able to benefit from automatically buying currency on market moves that happen overnight.

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