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Currency Exchange & Forward Contracts

Whatever your reason to do so, converting from one currency to another is made easy for you at IIG Bank. You may be a depositor wishing to take advantage of swings in currency values or may be aiming for a better return on your money. Likewise, in business, you may have particular needs to convert and keep various currencies or to hedge your risk against any change in value of a particular currency.

We offer you our spot and outright currency exchange services at competitive prices for whatever purposes required.

Spot currency exchange is the most commonly used service consisting of the immediate exchange of funds at the current market exchange rate.

Forward foreign exchange contracts are used to lock in an exchange rate on a specific date. An Outright Forward is a binding obligation for a physical exchange of funds at a future date at an agreed rate.