A forward foreign exchange contract is an agreement to buy or sell a fixed amount of foreign currency at an agreed rate, for a set date period of time. Wholesale clients enjoy pricing certainty by locking in a rate for future use, helping wholesale clients to accurately budget, control costs and potentially protect their profit.
Important:Ruizean Markets Pty Ltd provides forward foreign exchange contracts (FECs) to wholesale clients. It is registered on AUSTRAC’s remittance sector register. Ruizean Pty Ltd, trading as RZ Forex, provides spot foreign exchange contracts (Spot FX) to retail and wholesale clients, and is also registered on the remittance sector register. It refers FECs to Ruizean Markets Pty Ltd in its capacity as authorised representative (AR) of Ruizean Markets Pty Ltd, AR number 463693.