Money transfers on the spot

What is a spot deal?

A spot deal is simply locking in a market rate for an international money transfer which will be made later - nearly always within two days. This allows you to know what exchange rate your transfer will be subject to. Because of market rate fluctuations, locking in an exchange rate can sometimes result in substantial savings, particularly with larger transfers.

A spot deal is a binding agreement to deliver funds in one currency, for transfer to another country at the quoted and agreed upon exchange rate (spot exchange rate) by a set date (the spot date).

Determining the spot exchange rate

You request the spot exchange rate between the countries of origin and destination in particular currencies, and if you find the quoted exchange rate to your liking, you execute the spot deal immediately. You then have two days in which to deliver the agreed upon funds, at which time, the transfer is made to the destination at the spot exchange rate cited in your spot deal.

What are the advantages of a spot deal?

  • International money transfers carried out via spot deals are simple, quick and transparent.
  • You are protected from being surprised by an unexpectedly costly exchange rate.
  • You can quickly and easily compare spot exchange rates to find the most favorable rate.
  • Your currency is exchanged to another currency, ensuring it will be readily accepted into bank accounts in more than 140 countries.

Why choose Travelex International Payments for your spot deal?

  • The Travelex International Payments service monitors bank rates and those of our competitors, in order to be able to offer clients competitive spot exchange rates. In fact, we're so sure our deals are competitive that we promise to beat any cheaper quote you can find within 30 minutes.  That's the International Payments Price Promise*.
  • Trade in 46 currencies and transfer funds to over 140 countries, offering you convenience and flexibility.

If you anticipate having to make an international transfer of funds, you can register now and make a spot deal today. If you still have questions on our spot deals or would like information on any of our other services, you can contact a customer service specialist 24 hours per day, Monday through Friday.

Register now to make a spot deal and take advantage of Travelex International Payments’ great rates.

Contact us to speak to our customer service team 24 hours a day Monday – Friday and find out more about spot rates and our many other services.

Travelex International Payments service is provided by USForex

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The Travelex International Payments service is provided in the U.S by USForex Inc.USForex Money Transfer Services


This Travelex International Payments website contains information obtained from sources believed to be reliable and has been prepared in good faith and with all reasonable care. USForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website.

Neither USForex, its related entities, nor any of its providers of information, have any liability to the user, or any other third party, for the accuracy of the information or models contained in this website, or for any errors or omissions therein, nor will USForex or any of its providers of information have any liability for the use, interpretation or implementation of the information or models contained herein by any person.

Travelex receives 50% of net revenue arising from USForex’s provision of Travelex International Payments services. Net revenue is the revenue arising from foreign exchange margins (or spread) and fees, less all costs incurred in providing the services including but not limited to, administrative costs, compliance costs and sales and marketing costs.

*Restrictions apply. For full Terms & Condtions, refer to our International Payments Price Promise.

**Exchange rates are current at the time of conversion and are subject to change without notice. Exchange rates are indicative only and do not include fees and charges that may apply. Certain foreign currencies are not available under Travelex International Payment service.