Learn More About Our Exceptional Exchange Tools International Wire Transfers: Successful international wire transfers rely on speed and human accuracy. Contact TransferMate and let our team of brokers move your money quickly and error-free.
International Receipt of Funds: TransferMate can handle all of your foreign currency receivables—electronic transfers, collection checks, and foreign currency checks—with flexible conversion choices at the best possible exchange rates.
Forward Contracts: Use TransferMate forward contracts to protect yourself against fluctuating exchange rates by establishing exactly what you’ll pay, or receive, for a foreign currency payment up to a year in advance.
Exchange Rate Bids: Reduce your corporate risk by placing an exchange rate bid using TransferMate to monitor foreign currency markets 24 hours a day. If your exchange rate bid is reached in the specified time, the transaction will be processed for you.
Intra-day order This is an order placed with us to buy or sell a currency at a particular rate. If the currency price moves to that rate your transaction is booked automatically. An intra-day order normally expires at the end of the business day.
Overnight Order This is an order placed with us to buy or sell a currency and is left in the overnight markets and monitored by TransferMate. The client is then informed in the morning if the order was executed in the overnight market. Imagine your currency is euro and you need to pay x amount of US Dollars in the next 24 hours. The rate is 1 euro= 1.45 USD, you are hoping the rate will go to 1.47 as USD seems to be getting weaker. We can place this order live on the overnight markets. If your rate hits 1.47 your rate is booked automatically.
Stop Loss Order A stop loss order is normally left in conjunction with an intra-day/overnight order or overnight order and it is left at a level that will limit losses and protect profits. Using the above example you may hope to secure a better rate by placing an order but the last thing you want is the rate to fall lower than you could have got today so you leave a stop loss in place which is effectively a floor which the rate will book at and not fall below, should the rate start going the other way.
