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Standard Chartered Bank have operated for over 150 years in some of the world's fastest-growing markets, across Asia, Africa and the Middle East
Standard Chartered is able to offer customers a low-cost solution for sending money abroad. As well as being introduced to preferable exchange rates, customers are also able to use a selection of different services depending on their requirements.
Spot Foreign Exchange allows customers to take advantage of the rates currently available, whereas Forward Foreign Exchange allows customers to agree a purchase at a current rate, but receive the currency at a later date. This allows customers to avoid the pitfalls associated with sending foreign currency abroad.
Standard Chartered also provides a number of services for those looking for more flexibility when sending money abroad. FX Option with a Fixed Strike looks to maximise profit from the residual risk, whereas European Vanilla Options allows customers to buy or sell currency at an agreed rate on an agreed date.
A number of services are available that will cover most aspects of sending money abroad. There is a focus on minimising risk for customers. Customers are offered an easy-to-use service that is also low-cost.
Customers can apply for an account by visiting the website. Once an account is opened, there is no requirement to make an order for foreign exchange. Funds must be cleared before an order can be made. Customers are advised to keep a copy of any terms and conditions for their own records.
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