Exchange Rate Alerts:
Target an Exchange Rate
Transferring money internationally can become quite complex, especially when it comes to fluctuations between various currencies. Exchange rates change minute by minute and that can make transferring money and securing a suitable exchange rate a challenge. One rate you achieve today between two currencies is likely to be very different tomorrow. The impact of market shifts will depend on the reasons for making international payments. If it’s a one-off transfer to friends, family or to your own overseas account, then the impact might not be so noticeable. But, if you’re purchasing goods, property or for business reasons then the exchange rates are going to be very important to you, and securing the best rate can significantly enhance the value of your transactions.
What Are
Exchange Rate Alerts?
If you want to achieve market-leading exchange rates for your transfer, speak with NewbridgeFX to discuss the benefits of setting up exchange rate alerts.
Exchange Rate Alerts
Exchange rate alerts are notifications sent to you when your two chosen currencies achieve the desired exchange rate. NewbridgeFX can set up your rate alerts for your chosen currency pairs and once the exchange rate is available, we will inform you by email or phone. You can decide to secure the rate and make the transaction or delay to a future date.
Exchange rate alerts are not an order, or instruction, to make a transfer – you will only receive a notification and then it is your decision whether or not you decide to execute the transfer.
Benefits of Exchange Rate Alerts
Checking exchange rates can be time-consuming and with that comes frustration but it doesn’t have to be like that. A rate alert will give you a hands-off approach to rate monitoring because NewbridgeFX will take care of that for you. We’ll understand when the right time arises and notify you without the need for you to check the exchange rates on a regular basis.
Compared:
Exchange Rate Alerts
What is the difference between a Rate Alert and a Market Order?
Rate alerts and market orders are similar as you can set a target rate, yet the difference lies in who takes action. Rate alerts will notify you when the exchange rates are at the right level, but the responsibility is on you to then proceed to book the transaction. If you feel the time is right, then you can make the transfer or choose to wait to complete the transaction at a future date.
A market order is different because you are requesting or ordering the transfer. While the transaction is not booked until the exchange rate is at the desired level, it will execute once the rate is available in the market.
If you need to make a transfer in the future, then a market order is the best option. It will ensure everything is in place for the transfer to happen without the need to keep an eye on the exchange rates. Despite this, if you have a more relaxed approach to making the transfer, then a rate alert will keep you informed, allowing you to make the transfer when it suits you.
FAQ:
Exchange Rate Alerts
Answer
You will receive an email notification when your desired exchange rate is available in the currency market, this cannot be on a selected date or time as exchange rates fluctuate minute by minute. We cannot predict when your desired rate will be achieved, and so our exchange rate alerts are sent as soon as they become available.
Answer
Yes, email notifications are the preferred method, but at your request, we can phone you to notify you.
Answer
At the moment, our exchange rate alerts are only available via email or a telephone call.
Answer
You can notify us if you wish to cancel the rate alert, and then notify us again if you wish to set up the alert. As you only receive an email notification, stopping and starting the alerts is not recommended..
Answer
Yes, we provide a tailored service to suit your requirements, if you want to receive daily/weekly currency rate alerts then we can arrange that for you.
Products:
Manage Risk
NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients when sending money overseas, and are ways for businesses, and individuals, to manage and mitigate currency risk.
Spot Contract
Lock in an exchange rate to settle immediately. Funds can be received the same day for most currencies.
Forward Contract
Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.
Market Order
We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.
Rate Alerts
Set an alert for phone or email notification when a rate has been achieved to take advantage at the best time.
Testimonials:
NewbridgeFX
We strive to earn the loyalty of our clients by consistently delivering a dedicated, professional foreign exchange service, and focusing on providing a great client experience. We have a vast and varied client portfolio. Our experience and expertise in managing international payments applies across a wide range of industries, from accountants to warehouses.
If you’re looking for an easy and cost effective way to make international payments, this is who you should be using. I’m pleased to say they have saved me, my friends and family money month on month. Someone is always available to talk to and I am kept updated
Having worked with them for sometime now, I’m happy to say they have consistently demonstrated a personal and dedicated level of service above and beyond that offered by my bank and previous provider. Its refreshing to work with a company that really cares about their client. Always recommending to anyone with an FX exposure.
A. Lee
Amazing service, every occasion my funds have arrived on or before the date quoted. They also notify me of market movements which effect my bottom line along with educating me on why the markets react. We currently make a large volume of payments and I have tried a few other providers and nothing compares to the professionalism they offer and I need for my business.
O. Long
Benefits:
NewbridgeFX
Multi Currency Account for Business
Receive and make payments with one or more currencies using your own named multi-currency business account, using one account number for all currencies still in your company name.
Create And Manage All Your Beneficiaries
Add and manage your beneficiaries, perform bank account validation & verification checks as you enter your beneficiary details & bulk upload multiple beneficiaries via a CSV file.
Make Fast & Secure Payments To Over 200 Countries
Real time Swift and local payments are settled the same day, within minutes of processing (currency/country dependant), and payment tracking capabilities allow you to keep updated on the payment status.
Multi-Currency Balances
Hold multiple currencies and access balance information in supported currencies. Receive, convert, send and move money between your multi-currency accounts without making payments.
Convert Over 100 Currencies, 24/7, Using Multiple Devices
We provide informative, up to date market news, including updates on currency movements, upcoming economic events and announcements that impact the foreign exchange market.
Real-time Reporting And Tracking
View and track all conversions, payments and incoming funds using our online platform, and receive email notifications when funds have been received, conversions processed and payments released.
Benefits:
NewbridgeFX
Multi-Currency Account In Your Company Name
Receive funds from your customers in to your own named collection account, using one account number for all currencies, or a local in-country account number still in your company name.
Create And Manage All Your Beneficiaries
Add and manage your beneficiaries, perform bank account validation & verification checks as you enter your beneficiary details & bulk upload multiple beneficiaries via a CSV file.
Make Fast & Secure Payments To Over 200 Countries
Real time Swift and Local payments are settled the same day, for most currencies, within minutes of processing. Live GPI Payment tracking capabilities allow you to keep updated on the payment status.
Multi-Currency Balances
Hold multiple currencies and access balance information in supported currencies. Receive, convert, send and move money between your multi-currency accounts without making payments.
Convert Over 100 Currencies, 24/7, Using Multiple Devices
We provide informative, up to date market news, including updates on currency movements, upcoming economic events and announcements that impact the foreign exchange market.
Real-time Reporting And Tracking
View and track all conversions, payments and incoming funds using our online platform, and receive email notifications when funds have been received, conversions processed and payments released.