Currency Matters

The Euro and US Dollar generally both traded lower following quieter markets during yesterday’s US bank holiday and as markets begin to shrug of concerns of China’s slowing economy increasing risk appetite. As a result GBP/USD appreciated from a low of 1.5162 yesterday to a high so far today of 1.5404 and currently trades mid-morning at 1.5380. GBP/EUR also appreciated to a high of 1.3786 after trading as low as 1.3592 yesterday. EUR/USD continues to trade between 1.11 and 1.12 and currently trades at 1.1160.

The currency markets are extremely volatile and Currency Matters can offer a number of products which can help eliminate currency risk and get you the best exchange rate available in the market.

CURRENCY MATTERS PRODUCTS:

Very simply, Currency Matters can send or receive any deliverable currency to or from any valid bank account anywhere in the world.

Spot foreign exchange:

This is the traditional foreign exchange contract where you buy a currency for settlement in two working days. Upon settlement we will make a payment according to your instructions. We will save you money by offering you a much better exchange rate compared to your high street bank.

 

Same day / next day foreign exchange:

We can offer same day and next day settlement for some of the major currencies, depending on amount and availability. We will save you money by offering you a much better exchange rate compared to your high street bank.

 

Forward Contract (Fixed Date):

A Forward Contract is one which is agreed for settlement at some fixed point in the future, after two working days. The Forward price is based on the current Spot price and adjusted for the interest rate differential between the currencies being bought and sold. This Forward rate may be more or less than the current Spot price. A small deposit is required to secure a Forward Contract. We will save you money by offering you a much better exchange rate compared to your high street bank.

 

Forward Contract (Variable Date):

Similar to the description of the Forward Contract above, but settlement is agreed to occur between two dates, at the client’s discretion, rather than on a fixed date. This is particularly useful when you don’t know precisely when you would need to settle with your counterparty. We will save you money by offering you a much better exchange rate compared to your high street bank.

 

Market Orders:

Currency Matters offer the facility to place market orders – either on a “limit” basis or on a “stop” basis. For example, you can place a limit order to buy your currency at a predetermined price, above the current rate. Alternatively you can place a stop order to buy your currency at a predetermined rate, below the current rate. We can also work orders on a “one cancels other” basis, so if you have both a limit and a stop order in place, and one is executed, the remaining order is automatically cancelled.

Please do not hesitate to contact a member of the dealing team on telephone +44 (0) 1695 581 669 or email info@currencymatters.co.uk for further information.