Reuters.co.uk 20:30FOREX-Dollar tumbles on weak U.S. jobs data
Trading Markets 20:09Pound Advanced Against Euro Despite Lack Of Economic Data
Trading Markets 20:09British Pound Hovering Above 1-Week Low Against Yen
Trading Markets 19:56Yen Up Against Other Majors Ahead Of BoJ Policy Board Meeting
Trading Markets 19:56Yen Extending Gains Against Euro Intraday Friday
Trading Markets 19:56Japanese Yen Coming Off 1-Month High Against Dollar
Trading Markets 19:56Japanese Yen Broke From Range Against Pound Intraday Friday
ABS-CBNNEWS.COM 19:43Peso up to highest level since May 18
ABS-CBNNEWS.COM 19:43Gross international reserves post record high at end-June
FT.com 19:43Japan raises growth forecast to 2.2%
Trading Markets 19:31Euro Range-Bound Against Other Majors Intraday Friday
Trading Markets 19:31Euro Gained Against Greenback On Weak U.S. Data
Trading Markets 19:31Swiss Data Weakened Euro Against Franc
Trading Markets 19:31Euro Fell To 1-Week Low Against Pound
Trading Markets 19:31Euro Reversed Thursday's Gains Against Japanese Yen Friday
Dow Jones Newswires 19:20Chilean Peso Closes Stronger Tracking Brazil Real Gains
FXstreet 18:54Forex Market Daily Briefing 7/06/06
FT.com 18:48US jobs growth weaker than expected
FT.com 18:48Dollar hit by weaker-than-expected jobs data
Nasdaq 18:31CURRENCIES: Dollar Hits 1-month Euro Low On Weak Jobs Data
Dow Jones Newswires 18:31CURRENCIES: Dollar Falls On Hawkish Trichet Comments, Payrolls Data Loom
Finextra.com 18:04European MPs pass resolution to probe Swift data snooping
Trading Markets 18:01Australian Dollar Bouncing Off 5-Week High Against U.S. Counterpart
interactive investor 17:51Dollar dented by weak US jobs report
Trading Markets 17:51Greenback Holding Steady Against Franc Intraday Friday
San Francisco Chronicle 17:49Dollar Dips Against Major Currencies
ADVFN 17:47Forex - Dollar dented by weak US ...
MoneyAM 17:45Forex - Dollar dented by weak US jobs report
Reuters.co.uk 17:22GLOBAL MARKETS-Dollar slides, Treasuries gain on weak jobs
Irish Sun 17:06Japan Stocks End Flat; Dollar Down vs. Yen
FXstreet 17:04Today´s Signal
Reuters.co.uk 16:54CORRECTED - FOREX-Dollar tumbles on weaker-than-expected jobs data
Reuters.co.uk 16:53FOREX-Dollar tumbles on weaker-than-expected jobs data
iWon 16:48Dollar Falls, Gold Rises in Europe
Santa Barbara News Press, California 16:41Dollar dips against most major currencies after torpid U.S. jobs report
Myrtle Beach Sun News, South Carolina 16:38Dollar dips against most major currencies
Greenwich Time, Connecticut 16:37RadioShack Appoints Day Chairman, CEO
Trading Markets 16:23Pound Fetched 1-Month High Against Greenback; Lost Ground Against Yen Late Morning Friday
Trading Markets 16:23British Pound Increased Earlier Gains Against Euro
Trading Markets 16:13Japanese Yen Holding Gains Against Other Majors Mid-Morning Friday
Spot ContractsYou can buy currency as a 'Spot' purchase which quite simply means that you buy now, i.e. 'on the spot'. Settlement for a purchase of this type is two working days and upon receipt of cleared funds a transfer can take place. A spot purchase would normally satisfy someone who has an immediate requirement for the currency and wants to exchange in a prompt manner.
Forward ContractsThe alternative method is a 'Forward' purchase, which is a method that allows one to fix a rate now for final delivery up to one year in advance. The benefits of this style of purchasing are variable. Firstly, once you have locked the rate in, whatever the market does in between those two points in time, you are guaranteed the price. Secondly, you do not tie up 100% of your capital; at Excel Currencies we tailor make every client’s purchase by agreeing a percentage to suit you best. Thirdly, your remaining capital can therefore be earning you interest at the prevailing rate. Finally, depending on what currency you are buying you may well end up with a better rate by using a forward rather than spot purchase. This is as a result of differing interest rates in countries effecting what is called 'points' that are either added or subtracted from the spot rate of the day to determine the forward price.
In order to determine which option is more suited to you, our Currency brokers are on hand 24/7 to provide advice on the best possible market strategy, enabling you to achieve the best rate whether it may be through a forward or spot contract. The brokers will guide you through the whole process making the transfer stress free and substantially cost-effective.
What do I do next? If you wish to talk to a Broker about your requirements, call us on T: +44 (0)1322 22 11 21. Alternatively, click here to register. Please note all telephone conversations will be digitally recorded for security and training.
