Forwards
Protect your business margins against currency risks with our flexible forward transactions.
When operating a business outside of the eurozone, there is a high likelihood that you will encounter foreign currencies. The exchange rates of these currencies fluctuate constantly, which can lead to currency risks. These fluctuations can cause the value of an amount in euros to change, putting pressure on your profit margins. Fortunately, you can easily and affordably limit these risks by using currency forward transactions.
What is a forward contract?
A forward transaction is a financial instrument used to hedge the exchange rate risks of a future transaction in a foreign currency.
If you expect to receive or pay an amount in a foreign currency in a few weeks or months, you can enter into a currency forward transaction to obtain certainty in advance about the exchange rate for the amount that needs to be received or paid.
Op deze manier kunt u uzelf beschermen tegen mogelijke schommelingen in de wisselkoers en weet u vooraf precies hoeveel geld u ontvangt of moet betalen in uw eigen valuta.
How does it work?
In a flexible forward transaction, a single exchange rate, also known as a forward rate, is fixed for a certain amount and period. All future global payments in foreign currencies or conversions into euros will be made at this exchange rate until the balance is exhausted.
Â
Het afsluiten van een flexibele termijntransactie is eenvoudig en kan alleen telefonisch gebeuren. U geeft aan voor welke periode u betalingen verwacht en het bedrag dat u in totaal wilt afdekken. Vervolgens ontvangt u van ons een scherpe flexibele termijnkoers. Als u akkoord gaat met deze koers, wordt de transactie bevestigd. Na het vastleggen van de wisselkoers verlangen wij een initiële storting van 5%.
When you expect to receive a payment in a foreign currency, you send us an email with the payment details, such as the amount you want to transfer and the beneficiary's details. This transaction will be executed at the fixed forward rate. We will then make the payment to the beneficiary quickly. The balance on the forward transaction is then reduced by the amount that was paid. For each flexible forward transaction, we require a 5% deposit on the transaction amount.
Overview of currencies for forward transactions
Below you will find all the currencies that can be traded on the ValutaPartners platform. Most currencies are freely convertible, while some have restrictions. The currencies with restrictions can only be purchased under certain conditions.
Australian Dollar (AUD)Payment via: SWIFT/AusPayNet
Maximum payment: no limit/no limit
Delivery time frame: 1 day/1day
Cutoff time frame: 15:00u
Â
Canadian Dollar (CAD)Payment via: SWIFT/EFT
Maximum payment: no limit/CAD 100k
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 15:30u
Czech Koruna (CZK)Payment via: SWIFT/CERTIS
Maximum payment: no limit/CZK 1m
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 10:00u
Danish Krone (DKK)Payment via: SWIFT/Intradagclearing
Maximum payment: no limit/no limit
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 11:30u
Euro (EUR)Payment via: SWIFT/SEPA
Maximum payment: no limit/no limit
Delivery time frame: 0 days/0 day
Cutoff time SWIFT (CET Time): 15:30u
Hong Kong Dollar (HKD)Payment via: SWIFT/CHATS
Maximum payment: no limit/HKD 500k
Delivery time frame: 1 day/1 day
Cutoff time SWIFT (CET Time): 15:00u
Hungarian Forint (HUF)Payment via: SWIFT/Giro Zrt
Maximum payment: no limit/HUF 10m
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 10:00u
Japanese Yen (JPY)Payment via: SWIFT
Maximum payment: no limit
Delivery time frame: 1 day
Cutoff time SWIFT (CET Time): 15:00u
Mexican Peso (MXN)Payment via: SWIFT/SPEI
Maximum payment: no limit/no limit
Delivery time frame: 0 days/1 day
Cutoff time SWIFT (CET Time): 9:00u
New Zealand Dollar (NZD)Payment via: SWIFT
Maximum payment: no limit
Delivery time frame: 1 day
Cutoff time SWIFT (CET Time): 16:00u
Norwegian Krone (NOK)Payment via: SWIFT/NICS
Maximum payment: no limit/NOK 25m
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 11:30u
Polish Zloty (PLN)Payment via: SWIFT/Elixir
Maximum payment: no limit/PLN 1m
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 10:30u
Romanian Leu (RON)Payment via: SWIFT/TransFonD
Maximum payment: no limit/RON 200k
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 10:00u
Saudi Riyal (SAR)Payment via: SWIFT
Maximum payment: no limit
Delivery time frame: 0 days
Cutoff time SWIFT (CET Time): 14:00u
Singapore Dollar (SGD)Payment via: SWIFT/FAST
Maximum payment: no limit/SGD 200k
Delivery time frame: 1 day/1 day
Cutoff time SWIFT (CET Time): 16:00u
South African Rand (ZAR)Payment via: SWIFT
Maximum payment: no limit
Delivery time frame: 0 days
Cutoff time SWIFT (CET Time): 11:30u
Swedish Krona (SEK)Payment via: SWIFT/Internal Transfers
Maximum payment: no limit/no limit
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 11:30u
Swiss Franc (CHF)Payment via: SWIFT
Maximum payment: no limit
Delivery time frame: 0 days
Cutoff time SWIFT (CET Time): 11:30u
Turkish Lira (TRY)Payment via: SWIFT
Maximum payment: no limit
Delivery time frame: 0 days
Cutoff time SWIFT (CET Time): 9:30u
UK Sterling (GBP)Payment via: SWIFT/Faster Payments
Maximum payment: no limit/GBP 1m
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 15:30u
United Arab Emirates (AED)Payment via: SWIFT
Maximum payment: no limit
Delivery time frame: 1 day
Cutoff time SWIFT (CET Time): 15:00u
US Dollar (USD)Payment via: SWIFT/ACH
Maximum payment: no limit/USD 1m
Delivery time frame: 0 days/0 days
Cutoff time SWIFT (CET Time): 15:30u
We take our regulatory responsibilities very seriously. In accordance with our anti-money laundering policy and sanctions screening, we cannot receive money from or transfer money to the following countries, although this may be subject to change: Belarus, Crimea, Cuba, Donetsk region, Iran, Kherson region, Libya, Luhansk region, Myanmar, North Korea, Russia, South Sudan, Sudan, Syria, Venezuela, Zaporizhzhia region.