Order to Buy
An Order to Buy allows you to target an exact exchange rate that could be hit in the future. If the exchange rate is hit, we automatically book in your transfer at that rate. This is useful tool to protect your money against market volatility. Find out moreIf you want to target a specific rate or if we anticipate large movements in the currency markets, then an Order to Buy can be a good way to protect your budget.
Many of our customers use this tool, which can be especially useful in uncertain times such as these.
What is an Order to Buy?
An Order to Buy, also known as a Market Order, is a tool where you work together with your trader to set an exact exchange rate. If that exchange rate is hit, we automatically book in your transfer at that rate.
We monitor the rates for you, so you can relax without the rush to contact us. If the rate isn’t hit, nothing will be booked.
The minimum transfer value for an Order to Buy is £10,000 (or equivalent).
Example Scenario –Take advantage when exchange rates rise with an Order to Buy:
The GBP/EUR exchange rate rises from 1.11 to 1.15, but only remains there for a very short period of time before dropping back down to 1.11. However, you have discussed your budget with your Smart trader and set a desired exchange rate of 1.14 with a Market Order.
We book your transfer when the rate hits 1.14, meaning you receive extra euros for the same amount of pounds.
To find out more about how an Order to Buy works and why it could be a great option for you, contact us today using the form below.
Enquire about an Order to Buy
Speak to one of our currency experts about your payments and find out more about how you can take advantage of our Market Orders, as well as our other bespoke products and services.
Download a free guide
Featured GuideProperty Buyer’s Guide to Currency
When buying a property overseas, transferring a large sum of money is inevitable so you need to be sure to plan your transfers in advance to ensure you avoid the risk of exchange rates moving against you. Learn more with our dedicated guide.
Rated Excellent for Currency Exchange & Money Transfers
Absolutely brilliant service. My trader at Smart Currency Exchange was in regular contact as I had a delay in Spain transferring funds. Once received he phoned and funds were in my UK account the next day.
Peter Welsh View all testimonialsYou may also find this useful
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