Want to lock in rates today for certainty tomorrow? A forward contract is a standard currency transaction for settlement on a future date. The spot rate is adjusted for the interest rate differential between the two currencies over the selected period of time. On the future value date the forward is settled at the original contracted rate. EncoreFX offers the flexibility to pre-deliver forward contracts before the value date.
EncoreFX also offers non-deliverable forwards (NDF) to qualified parties to manage exotic currency exposure.
If you are looking for protection from an adverse move in the exchange rate but want to participate in a favorable move, you may want to consider the merits of currency options. EncoreFX has the expertise and resources to tailor and help implement prudent option strategies for qualified businesses. Please contact us for more information about foreign exchange options.
Foreign exchange specialists at EncoreFX are able to design and implement various solutions for clients’ unique FX Payable, FX Receivable, FX Conversion and FX Risk Management needs. Our solutions are designed to achieve cost effectiveness, exchange rate certainty, streamlined payments and settlement processes and ease of doing business.
Through face-to-face meetings and regular follow ups, we strive to understand clients’ foreign exchange needs in detail including the precise nature of FX risks to their profitability. Our currency risk management solutions are geared towards developing a unique plan that protects your bottom line from uncertain currency fluctuations.
© Copyright - EncoreFX, 2018.The information in this post is provided for general information purposes only and has been prepared without taking into account any person’s objectives, financial situation or needs and, accordingly, it does not constitute personalised financial advice under the Financial Advisers Act 2008, nor does it constitute advice of a legal, tax, accounting or other nature to any person. Before acquiring any financial services or products from EncoreFX, you should consider the appropriateness of the information having regard to your own objectives, financial situation or needs. We recommend that investors seek advice from their usual adviser before taking any action. EncoreFX (NZ) Ltd is a registered Financial Services Provider (FSP 461386), and is a licensed derivatives issuer under the Financial Markets Conduct Act 2013. EncoreFX (NZ) Ltd has lodged a Product Disclosure Statement (PDS) for each of our derivatives with the Registrar on 21-Dec-2016. A copy of each PDS is available from us or from the Registrar at www.business.govt.nz/disclose.