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It’s a good time to hedge your currency deal

Posted on 20 August 2014

Using a forward contract to fix at the current exchange rates is worth exploring while the pound is strong against the dollar and euro. This year has proved to be a good one for sterling, with the pound hitting highs against both the dollar and euro. But what does the future hold for those needing to make currency transfers?
David Nicholls, of currency specialists UKForex, said: “The pound-euro has moved from €1.20 to €1.25 since April, a change of 4pc in only four months………………………………………..Full Article: Source


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VRS - who has written 37188 posts on Opalesque Commodities Briefing.


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