4.16 Can I automatically purchase foreign currency when a target exchange rate is reached?
You can create a 'forward' order which will execute automatically if the target exchange rate is reached within the specified time period, up to 90 days in the future. When creating a forward order you must specify the value of the order in sterling GBP, the target exchange rate in the foreign currency, and select your delivery address and payment method. We will pre-authorise the payment on your selected card, but only take the funds if and when the order is executed. You will need to ensure you have sufficient funds on your card to process payment when the order is executed, or we will simply cancel the order at this stage.
Updated on: 26/04/2023