Foreign exchange rate protection
Our currency rate protection service is designed to help you protect your business against unfavourable movements in the currency markets by placing a ‘stop’ and ‘limit’ order when exchanging foreign currency.
How it works
A Stop Loss order enables you to set the lowest rate at which you are prepared to buy. It can often improve on the exchange rate that you pay. For example, if you expect the market to move in your favour, you may wish to wait before exchanging. In this case, placing a Stop Loss order would protect you if the market moves against you.
For example, if the market was trading at €1.49, you could place a Stop Loss order at €1.4875 which means that you would buy if the rate dropped to €1.4875. If the market then improved to say €1.51 and you hoped for further gains, you could move your Stop Loss order to €1.5075 and protect the gains you had already made.
A Limit Order can be used to set a favourable rate that you wish to achieve before exchanging. We will then exchange only when – and if – the market reaches this rate. For example, if the Euro is currently trading at €1.48 to the pound, you can place a Limit Order to buy Euros if and when they reach €1.50 to £1.
You can combine both limit and stop orders to give you complete protection if you wish. You can also cancel both Limit and Stop Loss Orders at any time.
Exchanging currency with Interchange is easy. If you are a Business client
Guaranteed security for your funds.
Every business wants to be sure that its funds are secure at all stages of the transaction, and there are various ways of achieving this peace of mind.
For a start, you can choose to have any payment you make transferred straight into your solicitor’s client account rather than an account controlled by Interchange. The solicitor is instructed to pay us only when they see that the correct payment transaction has been processed on your behalf to your designated account. This removes all of your risks. | 
FOREIGN CURRENCY EXCHANGE SERVICES
