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International money transfers at excellent exchange rates and great customer support.
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FAQs
In our FAQ section you can find answers to some questions you might have regarding our service.
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Types of Money Transfers
Need to send money immediately? Want to wait until the exchange rate has improved? UKForex offers a range of options so you get the best deal.
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Business
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Business Payments
UKForex specialises in offering corporate customers the exchange rates, risk management products and service usually reserved for large companies only.
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Financial Institutions
Have the ability to offer a world class, online international payments solution to your staff members and customers.
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- Online Sellers
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Currency Tools
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Mobile App
Book and track your international money transfers all from the palm of your hand!
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Currency Converter
Free online currency calculator for over 50 currencies.
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Currency Zone
Compare up to five pairs of currency exchange rates. Get free charts, news and commentary.
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Historical Exchange Rates
Check out seasonal patterns, long term charts, raw data, period average exchange rates and much more.
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Exchange Rates
View live currency exchange rates and charts for major currency pairs.
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Customer Rates
Check out the exchange rates our customers receive versus the interbank rate.
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News & Info
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Daily Commentary
Get daily, in-depth currency analysis from Alex Edwards, Head of Corporate Desk at UKForex.
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Weekly Market Watch
Weekly currency news recap and outlook on the week ahead.
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FX News
The latest currency market news brought to you by Reuters.
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Calendar
Real-time economic calendar with upcoming events and data releases that can influence currency markets
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Forex Wiki
A currency encyclopaedia, glossary of foreign exchange terms and key industry terms & acronyms.
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US Election & the GBP
With the U.S. election looming many expats are wondering: is this the right time to move my money?
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Why Us
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You will Save Money
Save money with UKForex with our excellent exchange rates and £0 fees.
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Your Money is Safe
The safety of your money is an important part of our business.
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We are Fully Regulated
UKForex is regulated by the Financial Conduct Authority (FCA).
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Currencies we Transfer
Transfer funds in over 50 currencies, from GBP to ZAR. Check our supported currencies list for the currency you need.
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How-to Video
Watch this short video and see how easy it is to send money overseas.
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How long transfers take
Guide on how long your funds will take to arrive when using UKForex.
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About Us
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Security
How we protect you and how to protect yourself
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The Company
Since its launch in 2005, UKForex has grown to be one of the world’s largest international money transfer companies.
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Jobs
We are an innovative and dynamic business that offers unique opportunities to the right people.
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Partnerships
Add a profitable revenue stream to your website or business by partnering with us. Thousands of websites are already doing it.
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Testimonials
Read what our customers have to say about us.
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Detailed information about our regulatory and legal environment.
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Contact Us
Contact us 24 hours a day, 7 days a week.
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Media Centre
Visit our Media Centre to read published articles and press releases.
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FAQs
Find answers to any query you might have regarding overseas money transfers in our FAQ section.
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Forward Exchange Contracts
A forward foreign exchange rate is the exchange rate at which one currency can be exchanged for another currency for settlement on a predetermined future date (maturity date).
Clients can take advantage of forward exchange rates using forward exchange contracts (FECs). An FEC allows clients to lock in an exchange rate today for a transfer that needs to occur in the future (between two days and twelve months from today), thereby protecting against exchange rate movements in the interim.
The forward rate is calculated by adjusting the current market rate (the spot rate) for "forward points", which take into account the difference in interest rates between the two currencies and the time to maturity. The forward points are based on a formula which is standard industry practice; this is not an extra margin charged by OFX.
You do not have to pay the full amount owing on the FEC until the maturity date. There may however be a deposit required at the commencement of the transaction and/or at a later stage prior to the maturity date.
If you would like a quote for a forward exchange rate or want to know more about forward rates please call our dealing desks on:
| UK Local Call: | 0845 605 1951 (Corporate Clients) |
| 0845 686 1950 (Private Clients) | |
| Canada Local Call: | 1800 680 0750 |
| NZ Free Call: | 0800 161 868 |
| Australia Free Call: | 1300 300 424 |
| International: | +61 2 8667 8090 |
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