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Forward Contracts

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Forward contracts let you secure the rate today for future requirements

Locking in a favorable exchange rate with a forward contract allows you to protect your business against potentially unfavorable future currency movements. Forward contracts can be beneficial for businesses involved in international trade who want more security in their cash flow forecasting and the ability to plan for the long term.

Secure today’s rate for future requirements

  • Protect your business from unpredictable and volatile foreign exchange markets that can have a significant impact on your profits.
  • Improve your budget planning and cost structure with better forecasting abilities when you can accurately predict your exchange rates.
  • Ensure more stable cash flow forecasting and the ability to plan for the long term.
  • Manage currency exposure with guaranteed exchange rates for up to a year of future transactions.
  • Forward contracts can be booked through our online dealing platform FXOffice 24/7.

Forward contracts give you absolute protection

Forward Contracts:

Forward contracts are the most common currency hedging tool and provide you absolute protection from volatile and unpredictable currency movements. You are able to lock in exchange rates for up to a year without having to commit cash flow to buying currency in advance.

Open forwards:

Open forwards allow you to use a forward contract between a date of ranges. Open forwards guarantee both a fixed exchange rate and a date range of when the forward can be drawn down against the original amount contracted.

Fixed forwards:

Fixed forwards are booked for expiry on a fixed date and the transaction is completed for the amount of the contract on a specified date. By limiting the date of when the contract can be drawn, clients are able to capture a more favourable price.

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FX Currency Forecasts

  2018
Currency Spot Q1a Q2 Q3 Q4
USD/CAD 1.3275 1.29 1.31 1.32 1.31
EUR/USD 1.1668 1.23 1.25 1.27 1.28
USD/JPY 109.9150 106 105 103 102
GBP/USD 1.3267 1.40 1.37 1.38 1.43
USD/MXN 20.0182 18.15 20.10 19.50 19.00
USD/CNY 6.5026 6.30 6.20 6.15 6.15
AUD/USD .7440 0.77 0.80 0.82 0.83
USD/INR 67.8600 65.20 64.30 64.00 63.80
EUR/CAD 1.5490 1.59 1.63 1.68 1.68
GBP/CAD 1.7612 1.81 1.79 1.82 1.87
CAD/JPY 82.7979 82 81 78 78

  2019
Currency Spot Q1 Q2 Q3 Q4
USD/CAD 1.3275 1.29 1.31 1.32 1.31
EUR/USD 1.1668 1.23 1.25 1.27 1.28
USD/JPY 109.9150 106 105 103 102
GBP/USD 1.3267 1.40 1.37 1.38 1.43
USD/MXN 20.0182 18.15 20.10 19.50 19.00
USD/CNY 6.5026 6.30 6.20 6.15 6.15
AUD/USD .7440 0.77 0.80 0.82 0.83
USD/INR 67.8600 65.20 64.30 64.00 63.80
EUR/CAD 1.5490 1.59 1.63 1.68 1.68
GBP/CAD 1.7612 1.81 1.79 1.82 1.87
CAD/JPY 82.7979 82 81 78 78
  2018 2019
Currency Spot Q1a Q2 Q3 Q4 Q1 Q2 Q3 Q4
USD/CAD 1.3275 1.29 1.31 1.32 1.31 1.28 1.29 1.31 1.30
EUR/USD 1.1668 1.23 1.25 1.27 1.28 1.29 1.29 1.30 1.32
USD/JPY 109.9150 106 105 103 102 102 102 101 100
GBP/USD 1.3267 1.40 1.37 1.38 1.43 1.45 1.47 1.48 1.52
USD/MXN 20.0182 18.15 20.10 19.50 19.00 18.80 18.80 18.50 19.00
USD/CNY 6.5026 6.30 6.20 6.15 6.15 6.10 6.10 6.00 6.00
AUD/USD .7440 0.77 0.80 0.82 0.83 0.85 0.86 0.86 0.85
USD/INR 67.8600 65.20 64.30 64.00 63.80 63.50 63.30 63.30 62.00
EUR/CAD 1.5490 1.59 1.63 1.68 1.68 1.65 1.66 1.70 1.72
GBP/CAD 1.7612 1.81 1.79 1.82 1.87 1.86 1.89 1.94 1.97
CAD/JPY 82.7979 82 81 78 78 80 78 77 77

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