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Citigold Private Client FX Order Watch

You set your exchange rate, and we'll do the rest

How Does Foreign Exchange Order Watch Work?

You set your exchange rate, and we'll do the rest.

Wouldn't it be great to know that you could place currency trades in advance, safe in the knowledge that they will only be completed if rates hit the level you desire within your preferred timeframe?

Our new FX Order Watch service does the hard work for you, keeping a constant check on the currency markets.

FX Order Watch lets you set your own preferred exchange rate between two currencies - for example US Dollars and AUD.

First you tell your Relationship Manager the currencies you want to exchange and the rate at which you want to trade, as well as the term over which you want the deal to happen.

You can place different types of orders which include:

 

Simple Order

You place one order and we make the trade if the currency hits your desired level within the timeframe. If it doesn't, the order expires. Under Simple order you can choose to do any of the following:

  • Buy Order: To convert one currency to another at a rate lower than the prevalent market rate
    Note: The example below, including the indicative exchange rates & FX Commission, are for illustrative purposes only.
  • Sell Order: To convert one currency to another at a rate higher than the prevalent market rate
    Note: The example below, including the indicative exchange rates & FX Commission, are for illustrative purposes only.

 

One Cancels-Other Order (OCO)

You place two orders at the same time. Whichever target is hit first, that trade is executed and the other order is automatically cancelled. If neither target is hit by the end of the term the order expires. Once we take your order, we monitor the currency market 24 hours a day, and will only make the trade when the market rate hits your agreed level.
Note: The example below, including the indicative exchange rates & FX Commission, are for illustrative purposes only.

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