Spot contracts

How would Spot FX contracts benefit my business?

Spot international payment allows funds to be promptly settled at the current market rate resulting in a prompt onward payment to your suppliers.

Since exchange rates are constantly fluctuating, booking a spot trade allows you to fix your rate of exchange for up to two working days, thereby reducing your risk against any market volatility.

Quick execution. A spot exchange rate is the current rate at which you have agreed your trade, whereas a forward exchange rate is a rate that you can lock in for an agreed period in the future. A fixed contract means you would not be able benefit from movements that may be in your favour, whereas spot contracts allow you to take advantage of such swings.

Sterling FX's team of analysts are constantly monitoring the currency market and upcoming data announcements. They can assist you with the market timing of your international spot payments, as well as offer a wider range of other currency contracts that may be best suited for your business.

Call our desk today on +44 (0)207 723 3000 and talk to one of our consultants or open your business account here to place your international transfer online

FAQ's

Our technology

Our online platform was built by us and is owned by us which means that we are completely in control when it comes to offering our clients an easy to use interface. efficiency. speed and security when it comes to sending money abroad. Make use of our clever dashboard tools to mitigate any exposures you may face.

Price transparency

We want to save your business time. energy and money. Our completely transparent model means no hidden fees. We have an up front fixed fee model that is based on your company requirements and profile. This means that any time you transfer you know exactly what will be charged from our end.

Our people

Every business is only as good as it's people and we have invested heavily in a knowledgeable team of individuals who understand business and want to implement clever cost cutting solutions. Our on demand service means you can place your international payments online 24/7 or call into our dealing desk.

Core values and expertise

With over 30 years in this sector we live and breath the foreign currency markets. We are genuinely interested in learning about businesses and understanding individual requirements. Every person within our organisation is dedicated to finding solutions to protect a Client's bottom line and offer the best execution.

Currencies		Sterling FX rates	Bank rates	You could save (for £1000)

*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.

Furthermore, in many cases the banks will not provide you with a good foreign exchange rate either, so in which case you may get stung twice. That's why it makes sense to get your Travel Money from The Sterling FX - your preferred currency exchange in London.