It is impossible to predict the exact future
movements of currency markets. Past
performance is not a reliable guide to the
future direction. As a result, we believe that
we serve our clients best, not by speculating,
but by focusing on identifying and managing
risk exposure at the earliest opportunity.
IFX will work with you to make it as clear,
controllable and cost-effective as possible.
Depending on your requirements there are
a number of options open to you.
Spot Contract
If you have the funds available and wish to
exchange all or part of them immediately you
can enter into a Spot Contract. Contact us
by telephone, email or fax and we will secure
the best rate available. Your currency will
be available for transfer to any account
worldwide the moment IFX has received
your cleared funds.
Forward Contract
When your overseas transaction involves a
payment in the future, or a series of payments
over time, you can enter into a Forward Contract.
You can fix an exchange rate for up to two
years in advance, with the option to draw on
these funds at any time. This contract removes
currency risk by locking in your rate and
protecting you from adverse market movements
during the period of the transaction.
Market Order
If you have time to wait for favourable market
movements, you can place a Market Order.
Nominate your target exchange rate and IFX
will monitor market movements – over an
extended period if necessary – and execute
the trade once your desired rate is reached.
We can also offer you a ‘safety net’ mechanism,
allowing you to nominate a lower exchange
rate, (or ‘Stop Loss’ order) that will minimise
your losses in the event of a sudden fall in
the market.