Foreign Exchange

 

We provide customer solutions in foreign exchange products. Whether your execution needs are driven by a transactional, hedging or investment strategy, you can leverage on our footprint, local knowledge and deep expertise to manage your exposure in a manner best aligned with your business objectives.

Our FX services include:

 

• Spot FX- A foreign exchange spot transaction (FX spot) is an agreement between you and the Bank to buy one currency against selling another currency at an agreed price for immediate delivery. 

• Forwards - This option is available in order to hedge foreign currency risk. This is a contract between you and ourselves to buy or sell foreign currency at a specific price for future delivery.
• Swaps - This option is available in order to hedge foreign currency risk. This is a contract between you and ourselves to buy or sell foreign currency at a specific price for future delivery.

• Foreign Exchange Currency - It is a good idea to have some foreign currency with you before you leave Zambia, to cover immediate expenses such as taxis, meals, or lodging. You can avoid the hassle of exchanging currency upon arrival as some airports and bus stations don't have exchange offices, or could be closed when you arrive.

For assistance, call into our treasury dealing room to speak to a dealer or walk into any of our branches countrywide.