Exchange Rate Alerts

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 real-time, 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.

Exchange Rate Alerts

What They Are
Exchange Rate Alerts

If you want to achieve the best exchange rate for your transfer, speak with NewbridgeFX to discuss the benefits from Rate Alerts.

Exchange Rate Alerts

Exchange rate alerts are notifications by 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. You can decide to secure the rate and make the transaction or delay to a future date as the rate alert is a notification rather than an order to execute.

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 to check the rates on a regular basis.

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Exchange Rate Alerts
Exchange Rate Alerts

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 else wait to complete the transaction at a future date. 

A market order is differs 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 have a 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.

Answer

Yes, email notifications are the preferred method, but at your request, we can phone you to notify you.

Answer

At the moment 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 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 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. A lot of these products are ways for businesses, and individuals, to manage and mitigate currency risk, and are used frequently during times of increased volatility. Alongside up to date foreign exchange related market news, which works in tandem with our range of products. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

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 an exchange rate has be achieved to take advantage at the best time.

Benefits:
NewbridgeFX

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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.

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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.

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Make Fast & Secure Payments To Over 200 Countries

Real time Swift and local payments are settled the same day, within minutes (currency/country dependant) and payment tracking capabilities allow you to keep updated on the payment status.

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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.

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Convert Over 45 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 can impact the foreign exchange market.

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Real-time Reporting And Tracking

View and track all conversions, payments and incoming funds using our online platform and receive email notifications when funds received, conversions processed and payments released.

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