Exchange rate stop and limit orders
Limit order - enables you to benefit from a sudden upward moving market.
Placing a limit order enables you to specify a defined rate of exchange that you would like to buy at. In other words, a better rate than is currently available. For example, if the Euro is currently trading at €1.48 to the £1, you can place a limit order to buy Euros if and when they reach €1.50 to the £1.
Stop order - prevents the exchange rate that you require falling below a certain level.
Placing a stop loss order enables you to set a lower level of exchange rate that you are prepared to buy at. In other words, a worst rate than currently available. For example, if the market is trading at €1.49 and you think that you may get a better rate by waiting, you can still protect yourself in case the market moved against you by placing a stop loss order at €1.4875. If the market improves to say €1.51 and you hope for further gains you can move your stop loss order to €1.5075 and thus protect the gains already made. Limit and stop loss orders remain valid until they are either executed or cancelled. They can be cancelled at any time.
We are dedicated to helping you get more money for your money.
Exchanging currency with Interchange is easy. If you are a Business client
Guaranteed
At Interchange we can help you increase your businesses revenue by choosing the right stop or limit order. Your account manager can help you to choose the terms that fit with your requirements and offer you the best rate.
Unlike most banking services, we will monitor the markets for you 24 hours a day, using our expertise to find the most efficient and direct route to maximising your profits, and minimising your foreign currency expenditure.
For more information on the various options that are open to you, or a quotation, call one of our account team on 0800 107 4443. | 
FOREIGN CURRENCY EXCHANGE SERVICES
