Using forward exchange contracts you can buy and sell currencies in advance, at fixed exchange rates. So they cover the risk of exchange rate fluctuations and guarantee the value of future transactions.
Subject to application and approval process.
You pay the foreign exchange rate which is based on the spot rate on the day of the deal. A forward exchange contract is binding and will have to be cancelled if you don't use it. This may result in a profit or loss depending on the exchange rate on the day of cancellation.
See our rates and charges page for easy to compare details.
International trading is a big step forward for your business, but it can be difficult to know how to break into a new market.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.