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What are Forwards?

A 'Forward' is a currency forward contract between you and Revolut Business. Currency forward contracts let you get a fixed foreign exchange (FX) rate for a set amount and date in the future. The exchange rate is agreed when the forward contract is booked.

We have two types of contracts:

  • Fixed date: the drawdown takes place on a specific, pre-agreed future date
  • Flexible dates: one or more drawdowns take place between two specified future dates

Revolut Business currently offers forwards in any combination of GBP, USD and EUR, up to 12 months in advance.