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FX Forward Rates With FX Order Watch - Citi UK

FX Order Watch

You set the exchange rate, we do the rest

Back to FX Solutions overview
  • Overview
  • Our FX Order Watch and fees
  • Managing your FX Order Watch at Citi

What is FX Order Watch?

Our FX Order Watch service keeps a constant check on the currency markets, so you don’t have to. You can now place currency trades in advance, knowing that they will only be completed if rates hit your chosen level, within your preferred timeframe.

This service enables you to benefit from our expertise and to potentially take advantage of currency opportunities as and when they happen.

  •   Set your own exchange rate so you make the trade you want, at the level you desire
  •   Choose your own term, so when you place a trade you know it will only happen within an agreed timeframe
  •   Change or cancel your order at any time, for instance, when the FX market moves suddenly in an unfavourable direction
  •   Diversify your assets across currencies
  •   Place your FX Order Watch quickly and easily using Citi Online or speak to your Relationship Manager

Please note: The conversion will take place at the rate inclusive of our commission which will be disclosed to you either through your Relationship Manager or Citi Online before the transaction takes place.

Why would you consider FX Order Watch?

FX Order Watch has been designed with busy people in mind. People who want to make the most out of their money, but don’t have the time to study the financial markets on a daily basis.

Risks and benefits

This service enables you to benefit from our foreign exchange expertise and to potentially take advantage of currency opportunities as and when they happen. You will also benefit from:

  • Exposure to the foreign exchange market
  • Instant, live pricing reflecting any changes in the market
  • A wide variety of currency pairs 

Because currency markets fluctuate, there is always a risk with any FX product that you could lose some of your capital if you make a trade and then immediately decide to switch back to your original currency. For this reason, our FX solutions, including FX Order Watch, are best suited to experienced investors and clients who already operate in more than one currency, or those who are prepared to accept the risk that currencies can fluctuate.

How FX Order Watch works at Citi

You tell your Relationship Manager which currencies you want to exchange (see list below) at the rate you want to trade, specifying the term over which you want the deal to happen and the type of order you want to make. Once the order is placed, these funds will not be available for any other transactions or withdrawals until the order is cancelled.

We then monitor the currency markets 24 hours a day, and if the Citi Reference Market Rate for the foreign currency hits your target rate, we will make the trade on your behalf.

You can also place, modify and cancel your FX Order Watch order yourself via Citi Online.

  •  United States Dollars (USD)
  •  British Pounds (GBP)
  •  Euros (EUR)
  •  Japanese Yen (JPY)
  •  Swiss Francs (CHF)
  •  Canadian Dollars
  •  Australian Dollars (AUD)
  •  New Zealand Dollars
  •  Swedish Krona (SEK)
  •  Hong Kong Dollars (HKD)
  •  Singapore Dollars (SAD)
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A dedicated Relationship Manager:

  • Can discuss your foreign exchange needs.
  • Can place the FX order for you
  • Our Relationship Managers will take a holistic approach to your wealth planning and can advise on portfolio balancing strategies
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With Citi Online you can:

A new and improved FX Order Watch online functionality is coming soon

Already with Citi? Sign on

Eligibility

The minimum trading/investing value is:

  • $10,000 (or equivalent) when trading via Citi Online
  • $20,000 (or equivalent) when trading by telephone

Why Wealth Manage at Citi?

  • As part of a model portfolio Receive guidance to meet your financial goals

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  • Speak to a dedicated Relationship Manager Seek advice and buy individual funds

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  • Easy access to your wealth Invest at your convenience through our online platform

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  • From an international selection Choose funds from 34 global markets

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  • As offshore investments Diversify your wealth on a global scale

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Take the first steps to your wealth management planning with Citi

Speak to a Relationship Manager
0207 500 1992

Already with Citi? Contact your relationship manager or view product availability on Citi Online

Why choose Citi?

A relationship - not just a bank account

A dedicated Relationship Manager giving you access to our internal team of product experts and all our benefits

Access to exclusive Citi products

A range of current and investment products available both on shore and offshore, in the currency of your choice
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We offer a diverse range of banking and investment services, including for those who want access to offshore investments

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We can save you time money and hassle. If you are a foreign national in the UK, Citi's International Banking Service can help you manage your money, home and away.

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Important information
Investment products are not insured by any governmental agencies, are not bank deposits, and are neither obligations of, nor guaranteed by, Citigroup, or any of its affiliates, unless otherwise stated.


Investment Products are subject to investment risks, including possible loss of some or all of the principal amount invested. Past performance is not indicative of future results, investments can go down as well as up.