Whether you’re working hard to save money for a trip or planning every single detail, we know travellers are busy people. Too busy, perhaps, to monitor FX markets all day long?
Well, let us introduce WeSwap Smart Swap.
Smart Swap leaves us to monitor the markets for you. So you don’t miss out on more money for your holiday.
Just choose your own target exchange rate and amount. Then, if that target is reached any time before your own deadline, we’ll automatically swap your money.
We know that financial exchange (FX) markets can be confusing. The pound’s hot. Then it’s, well, not. The yen is up, the yen is down. One minute you’re hailing the all-mighty dollar, the next you’re dreaming of a world where we all just trade in eggs and bread.
For example, at one point this year you could get $127 (US dollars that is) for £100. At another, $143.
(If you're interested in that sort of thing, read our Understanding the Foreign Exchange Market blog). Of course, there are tools out there to help people monitor the markets, but we wanted to go further than just line-graphs and rate alerts.
Plus, we didn’t think it was fair that you needed to be an FX expert to get great rates.
So, we spoke to you, the WeSwap community, to find out how we could make this process easier. Something that looked a bit like Smart Swap was created. Then we stayed in touch, spoke to you while we were sketching it and designing it, called you up late at night* to run ideas by you. Then you tested it for us, checked that all the buttons worked, helped us iron out the creases, tighten the bolts.
And now it’s ready. So, thank you.
We’re pretty chuffed with it. Hopefully you are too.
*Not really. But we did organise several surveys and testing programmes
Just log onto the app and choose your wallet, then tap SWAP, swipe left to SMART SWAP and tap START SMART SWAP...then:
Enter how much you want to swap, how much you’d (realistically) like to get for it and in which currency and let us know a deadline
Tell us if, on your deadline day and your target rate hasn’t been reached, you want us to swap the money anyway at the on-the-day rate
Leave it with us, put your phone back in your pocket and start planning your holiday
Want to know in more detail? Head to our Smart Swap FAQs for the full breakdown.
We don’t plan to stop here. We’re really excited about Smart Swap but we’re keen to create something few others have pulled off; a sequel that’s better than the original.
We’ve got some ideas. We want to give you even more help to choose target rates that make sense, for example. But we want to hear what you think.
If you’d like to be involved in the next testing process click below and we’ll be in touch.
What do you think of Smart Swap?
Will it help you start saving earlier?
Is it easy to use?