Convera · FX specialists
Convera review
Convera, formerly Western Union Business Solutions, combines global payments with a full set of hedging tools: forward contracts, FX options in 19 currencies, FX swaps and market orders. Businesses can also hold foreign currency balances.
Who Convera is best for
Businesses that want FX options as well as forwards, companies wanting a dedicated relationship manager and firms making regular international payments.
Businesses wanting transparent, published pricing.
Convera, formerly Western Union Business Solutions, combines global payments with a full set of hedging tools: forward contracts, FX options in 19 currencies, FX swaps and market orders. Businesses can also hold foreign currency balances.
Like most hedging specialists, its pricing is tailored to your volume, with the margin built into the quoted rate. It suits businesses that want a relationship-led provider for managing currency exposure.
What could a currency move cost you?
October 27, 2026 · Bank of Canada
Today this payment costs about C$350,950
A forward contract could lock today’s rate for this payment, due in 3 months, so the cost can’t rise.
Scenarios show what a move of that size would cost; they are not a forecast. Forward rates include the provider’s pricing and an interest-rate adjustment.
Ways Convera protects your rates
Forward contracts
Lock today’s rate for a payment due later, so a known cost can’t rise.
Options
Set a worst-case rate while keeping the upside if the rate moves in your favour, for an upfront premium.
Fees, features and eligibility
| Hedging tools | Forward contracts, FX options (19 currencies), FX swaps and market orders |
|---|---|
| FX margin | Quote-based; margin built into the rate |
| Fees | Quote-based pricing |
| Provider type | FX specialist |
| Currencies | Holding balances in multiple currencies |
Source: Convera published product information.
What stands out
Pros
- Forwards, options and swaps
- FX options in 19 currencies
- Relationship-led service
Cons
- Pricing isn’t published
Convera: common questions
What hedging tools does Convera offer?
Forward contracts, FX options in 19 currencies, FX swaps and market orders.
How is Convera priced?
Pricing is tailored to your volume, with the margin built into the quoted rate.
Is Convera the same as Western Union Business Solutions?
Yes. Convera was formerly Western Union Business Solutions.
Used Convera? Help other businesses choose.
