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Foreign/Forward exchange

Foreign Exchange Forward Exchange

Foreign Exchange and Forward Exchange Contracts

Confused about foreign exchange?  Find out more about spot deals, forward contracts, currency options and other fixed protection products.

Spot deals

  • A spot deal is an agreement between you and Barclays to buy or sell a specific amount of foreign currency at a specified exchange rate, for delivery at a future defined date.
  • We deal in more than 80 currencies, enabling you to settle bills, place money in your currency accounts or use one of our many payment services in the currency of your choice.

Forward contracts

  • Fix the value of your known foreign currency payables and receivables for delivery at a future date (fixed date forward contract), or between two future dates (an option dated forward).
  • The forward rate is based on margins which are applied to the appropriate spot rate. The margins reflect the difference between the interest rates of the two currencies.

Currency options and other risk protection products

  • These give you protection against adverse exchange rate movements while allowing you to take advantage of exchange rate movements that are in your favour.
  • We can help you choose the best option from the range on offer.

Looking to move your business banking to Barclays?

Find out How to switch bank accounts or call us today on:

0800 515 462 1

If you're an existing Barclays customer call us on:

0345 605 2345 2

Important information

1. Lines are open Monday to Friday 8am-8pm and Saturday 9am-1pm. To maintain a quality service, we may monitor and record phone calls. Read our call charges and information

2. Lines open Monday to Friday, 8am-7pm. To maintain a quality service, we may monitor and record phone calls. Read our call charges and information

Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


 

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