For a simpler deal... on the spot

Why spot? When you want your money transferred now.

A spot deal is an agreement to exchange one currency for another for payment on the ‘spot date’ which is usually within two business days of you confirming the transaction. Making a spot deal allows you to take advantage of market leading rates on the day you want to transfer funds. 

What is the spot exchange rate?

You may have heard of this term before. The exchange rate at which the transaction is done is referred to as the spot exchange rate.

Why make a spot deal?

The main advantage of a spot deal is that you’re locking in your rate immediately. If you are happy with the spot rate, you can confirm the deal and settle within 2 days.  

If you have bills that are due for payment or you need to make a foreign transfer in a hurry, a spot deal might be the way to go.

Are there other benefits to making a spot deal?

  • Making a spot deal is the simplest way to make an international money transfer.
  • A spot deal will allow you to take advantage of market leading rates, at any given time.
  • Your currency can then be accepted in bank accounts in over 140 countries worldwide.

Compare us to other providers and see for yourself how we can start saving you money today! 

For more information on spot rates and our many products and services please contact usOr register now to benefit from our great rates and start saving today.

Travelex International Payments is proud to partner with UKForex to bring you this service.


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The Travelex International Payments service is provided by UKForex Limited [CN: 04631395] (“UKForex”).

UKForex is regulated by Financial Conduct Authority (FRN: 521566) for the provision of payment services.

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