Accurate currency benchmarking for smarter decisions
Uncover the profits Banks and FX Brokers make from your transactions, highlighting areas for improvement.
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Price checking
Get full transparency on spot and forward trades
Data driven
Easily track your past trades using our anayltics tools
Optimise transactions
Make informed decisions
Gain confidence
Save money
How we enabled our customers to gain visibility and get better rates
How it works
Designed for simplicity and maximum impact
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Input your data
Enter the details of your currency exchange transaction, including the amounts and currencies involved.
Get real-time rates
Instantly access up-to-date spot and forward exchange rates.
Analyse results
View a clear breakdown of the transaction, including net amounts received and margins charged.
Identify savings
See potential savings by comparing different rates and understanding the profit margins of banks and brokers.
Pay low fees to
save on big margins
Frequently asked questions
Get a question? We've got answers
The Bracket benchmarker gives its users full visibility on the exact cost of Spot and Forward transactions. It also gives users an indication how their pricing compares to other users on the platform.
FX forward points refer to the difference between the spot exchange rate (the current exchange rate) and the forward exchange rate (the agreed exchange rate for a future transaction). They are used in foreign exchange markets to adjust the spot rate to determine the forward rate for currency contracts.
Positive Forward Points: If the currency you are buying in the future has a lower interest rate than the one you are selling, forward points will be added to the spot rate, resulting in a higher forward rate.
Negative Forward Points: If the currency you are buying has a higher interest rate than the one you are selling, forward points will be subtracted from the spot rate, giving a lower forward rate.
Forward rates in the foreign exchange (FX) market can change frequently, often multiple times a day, depending on several factors. The frequency of these changes is influenced by the dynamics of the financial markets.
Try our liquidity pool to access multiple providers at the click of a button and see if you can negotiate fixed pricing improvements. Alternatively contact your Bracket representative for a more detailed conversation
No, the benchmark usage is unlimited for spot, forward and historic.
The subscription fee covers 1 user, additional users within the same company receive a 50% discount
