Currency transactions

Currency transactions allow the customer to effect transactions with different currencies on the basis of the exchange rates defined by the bank, as well as to establish hedging for possible negative foreign exchange market fluctuations.

The customer may exchange currency both in Swedbank's branches and sub-branches or, if the transaction amount exceeds LVL 5,000, by phone via Swedbank's currency dealers. The customer may receive consulting on the trends in the foreign exchange market from Swedbank's Financial Markets specialists.

Future currency transactions come in handy for clients with incoming and outgoing cash flows in different currencies, where the amounts of such cash flows at a certain date are relatively predictable.

Currency swaps allow customers to balance currency resources in situations where there are excess funds in one currency and shortage of funds in another.

Currency options are convenient when the customer's incoming and outgoing cash flows on the account have different currencies and the amounts of such cash flows at a certain date are relatively predictable.