FX Forwards

Lock in exchange rates

Why pay the price for taking your business global? Protect against currency volatility and eliminate uncertainty from your future exchanges with FX Forwards. Fees and T&Cs apply.

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Fix rates 2 years in advance

Set your amount, and create currency contracts in GBP, EUR, and USD on a specific date, or a set period. Get 12 months as standard, or reach out to our experts to freeze rates for up to 2 years.

Create contracts up to £15m

Our FX Forwards specialists will help you fix your desired rates at the volumes you need to exchange.

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Transparent terms, no hidden fees

We only ask for a 5% initial deposit for each contract, refunded proportionately when your contract completes — plus a flat 0.8% fee. Working with high volumes and larger contracts? Speak to us for flexible fee and deposit options. Fees and T&Cs apply.

Manage your contracts online, 24/7

You're in control. View rates, set dates, and secure the amount you need to exchange in our web app. Cancel your contract anytime without the manual paperwork. Fees and T&Cs apply.

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Questions? Talk to our team

Speak to our specialists to see if your business could benefit from FX Forwards. Together, we’ll help you hedge your currency exposure, so you can protect your profits and keep your business goals in sight.

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Keep costs low and productivity high

Manage spend without the stressManage spend without the stressCards >
Manage money in multiple currenciesManage money in multiple currenciesMulti-currency accounts >
Manage spend without the stressManage spend without the stressCards >
Exchange in 25+ currenciesExchange in 25+ currenciesCurrency exchange >
Exchange in 25+ currenciesExchange in 25+ currenciesCurrency exchange >

Save as you exchange with FX Forwards

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FAQs

  • Forward contracts help you hedge against volatile currency exchange rates, locking in the current rate over a set time period for a fixed value. When you book a contract, you agree to exchange a certain amount at a pre-agreed rate, on a set date or window of time.

    Learn more about FX Forwards.

  • FX Forwards is available for any business with an open Revolut Business account. You'll need to be incorporated in the UK or EEA as an LTD or PLC, or buy or sell currency for commercial purposes to be eligible.

    Learn more about FX Forwards.

  • When you book a forward contract with us, you'll agree to a specific rate, which will apply when you carry out the exchange on the completion date. We won't charge more than the amount you agreed to in your contract.

    Prices are market-driven — we simply apply a small markup. There's no extra weekend exchange fee for scheduled FX Forwards.

    Learn more about FX Forwards.

  • Forward contracts with Revolut Business are available for:

    • the purchase or sale of identifiable goods or services
    • exchanging money earned overseas to your base currency
    • direct investments
    • salary payments

    You can only use FX Forwards for these allowed transactions. You can also choose between fixed or flexible contracts, meaning you’ll complete the exchange on a specific date or within a window of time.

    Learn more about FX Forwards.

  • Yes, you can cancel your forward contracts anytime. We'll just ask you to pay the 0.8% FX Forwards markup fee, and any mark-to-market difference, which is the difference in the contract's value between the time of booking and the date of cancelling. This mark-to-market difference could be a refund or a charge, depending on market conditions.

    When you cancel, we'll return the 5% deposit to you, with the 0.8% fee subtracted and the mark-to-market difference either added or subtracted.

  • Fixed date contracts allow you to exchange currencies on a specific, pre-agreed future date. Flexible date contracts allow you to exchange all or part of the contract value any time between two future dates you choose, in one or more exchanges.

    Learn more about FX Forwards.