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Payment Reasons > Limit Order

An 'Limit Order' will allow your Smart Trader to buy currency on your behalf when an exchange rate goes too high or gets too low.

For example:

James Jones had just sold his French property with the intention to move back to the UK. He had bought in the almost forgotten days when sterling was at €1.64 to the £1. Originally John bought €130,000. He was now bringing €210,000 back to the UK.

James had hoped to get better than €1.05 to the £1 but his worry was that he could see sterling starting to recover. The worst rate he was willing to get was €1.10 to the £1 for the repatriation of the euro’s. John knew that at this rate he could still afford to buy the cottage in the West Country that he had recently made an offer on. Anything worse and he would struggle.

James then placed a ‘Limit Order,’ with his Smart Trader and ensured that at worst he would get £190,909 for his euro’s. In the end he did better than this but he had covered his downside which as he admitted meant he avoided those sleepless nights.

To find out more about A 'Limit Order,' or any other payment option, please call Smart Currency on our free phone number 0808 163 0102 (free phone) or Apply Online.

Client Feedback

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How will Smart help you to save money on your international money transfers? By:

  • Providing better-than-bank exchange rates
  • Reducing the risk of your international payments from INCREASING
  • Offering a service with no fees*, no commission, no hidden charges (*Fees on amounts under £3,000)
  • Giving you direct access to your dedicated Smart Trader. Unlike most UK international payment specialists, Smart Traders are not paid on commission, thus your trader will be working for you - not their pay-packet
  • Making the whole process fast and effortless

Apply online now and get access to your Smart Trader to discuss just how much Smart can save you!

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Suggested ways to transfer money:

Buy currency at today's rate for a payment soon Exchange and transfer money today at a rate far more competitive than the high street banks
Learn more

Reserve today's currency rate for a payment later
This option is fantastic for property buyers that have staged payments and want to ensure against an unexpected change in the price of your currency
Learn more
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