MONDAY 19TH JUNE 2017
Tell your Currencies Direct dealer how much currency you want to buy if your target rate hits, and if it does, they will automatically buy and contact you to let you know (and to request payment)
Limit Orders are particularly popular at the moment and here’s why!
Look at the rate difference in the space of just ONE DAY trading between GBP/EUR…from 1.1404 to 1.1319 (rates quoted are interbank rates). Imagine if you were buying a house…or a boat….or a plane…or a dessert island
Client in the UK buying €250,000
High: €1.1404 = £178,063
Low: €1.1319 = €220,868
A difference of £42,805!!
A Limit Order would automatically trigger a purchase – meaning you wouldn’t miss out on your target rate, even if it’s only at that rate for 5 minutes! And the really cool thing is that they are completely flexible, they can be cancelled or amended at any time up to the point of purchase.
CHECK OUT THE RATE