Search engine for touristic excursions to any place in the world Limit Order
A limit order permits you to set the minimum or maximum price at which you would want to buy or sell currency. This allows you to take advantage of rate fluctuations beyond trading hours and hold out on your desired rate.
Limit Orders are best for clients who have another payment to produce but who still have time and energy to acquire a better exchange rate compared to current spot price ahead of the payment must be settled.
N.B. when putting a limit vs. stop order there is a contractual obligation that you can honour the agreement if we are in a position to book in the rate you have specified.
Stop Order
A stop order lets you manage a ‘worst case scenario’ and protect your bottom line in the event the market would have been to move against you. You’ll be able to set up a limit order that’ll be automatically triggered in the event the market breaches your stop price and Indigo will purchase your currency only at that price to make sure you don’t encounter an even worse exchange rate if you want to create your payment.
The stop enables you to make the most of your extended time period to acquire the currency hopefully at a higher rate but additionally protect you when the market would have been to oppose you.
N.B. when putting a Stop order you will find there’s contractual obligation for you to honour the agreement when we’re able to book the rate your stop order price.
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