The free app will enable users to monitor online money transfer and currency exchange rates on the go, with the next iteration also allowing FAIRFX customers to check their prepaid card balances and monitor their spending wherever they are.

FAIRFX already offers an iOS and Android app to its customers, and this latest release for the Apple Watch meets demand for smart devices as customer preferences change and shift towards wearable tech.

Over the coming months, an updated version of the app for the Apple Watch with increased functionality will allow users to manage their prepaid currency card balance from the app.

CEO of FAIRFX Ian Strafford-Taylor, said: “FAIRFX customers use our mobile and web services to save money and hassle on foreign exchange, so it’s key to offer them a choice of the latest technologies that fit with their active and busy lifestyles. We are proud to offer an app which enables people to stay up to date with currency rates and make smart choices about when to transfer money internationally or order travel money.”

The app will be available to download from the iOS app store shortly after the Apple Watch is released on Friday (April 24th 2015).