Foreign Exchange

Move your money safely around the world




WEATHERBYS FX

In today’s increasingly globalised world, the power to move money around the world – efficiently and cost-effectively – is more important than ever. But international currencies can be volatile, with exchange rate fluctuations eating into your funds. As part of our fully regulated banking proposition, our foreign exchange services are specifically designed to manage currency risk.

FOR ALL YOUR FOREIGN EXCHANGE NEEDS

Our expert team specialises in foreign exchange trading, hedging solutions and onward global funds transmission services, accessing the foreign exchange markets via two leading market makers for competitive rates and maximum efficiency.

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OUR TAILORED RANGE OF SOLUTIONS INCLUDES:


SPOT FOREIGN EXCHANGE CONTRACTS

The most common type of foreign exchange transaction, with settlement typically taking place same day, next business day or two business days later.

 

FORWARD EXCHANGE SERVICES
Creating certainty within your forward-dated cash flows by fixing the rate at which currency exchanges take place.  


ONSHORE CURRENCY ACCOUNTS
Onshore currency accounts give you the flexibility to hold and/or receive balances in major currencies.  There are no charges to pay when you use your Weatherbys debit card abroad.

CURRENCY OPTIONS
For a greater foreign exchange flexibility, we can offer longer-term currency hedging solutions for an additional charge.


 

INTEREST RATES APPLIED ON CERTAIN CURRENCY ACCOUNTS

Due to economic conditions involving the imposition of negative credit interest rates by some central banks Weatherbys Bank will apply negative interest rates in the following currencies*:
• EUR -0.65%
• CHF -0.95%
• JPY -0.20%
• SEK -0.95%

* from 12th February, 2018


 

When entering into FX transactions you can suffer losses.  Please bear in mind that exchange rates can be affected by factors such as interest rate expectations, inflation, macroeconomic events and natural disasters.  You can lose money in FX transactions.  If you are unsure about a transaction, you should seek independent advice.

FIND OUT MORE

To find out more about our Foreign Exchange services, please contact the Weatherbys FX Team

ADDITIONAL SERVICES

We offer a range of highly bespoke financial services to meet the needs of our clients.

OUR SERVICES