Navigate to main page content
Become a customer

Currency exchange

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.

Currency can be exchanged in:

  • Swedbank internet banking;
  • by phone via Swedbank's currency dealers, if the transaction amount exceeds 7000 EUR (the customer may receive consulting on the trends in the foreign exchange market from Swedbank's Financial Markets specialists).

Currency transactions by phone via Swedbank's currency dealers

In case of sizeable exchange volumes (over 7000 EUR) and the necessity to perform transactions regularly (several times per quarter), the customer may effect the currency conversion transactions by telephone via Swedbank's currency dealers.

Possibilities:

  • Convert currencies according to competitive exchange rates,
  • Give instructions for currency conversion transactions by telephone,
  • Receive advice from Swedbank Financial Markets specialists regarding the trends in the foreign exchange market.

What you need:

  • Open an account with Swedbank,
  • Sign an "Agreement for Financial Market Transactions" with Swedbank.

After signing an agreement on foreign exchange transactions, the customer is given a password, by means of which the customer's identity is verified prior to each transaction.

  • Currency conversion becomes effective when the parties have agreed on the terms of the transaction (record of the telephone conversation serves as a proof of the agreement on the transaction).
  • The transaction is entered in the customer's accounts within an hour after its conclusion.

A forward is a currency conversion with a future value date. The maturity of the forward transaction may vary between three banking days to 1 year and longer. Forwards are convenient if the customer's incoming and outgoing cash flows are in different currencies and the dates and amounts of such cash flows can be estimated some time in advance. The bank offers to define a currency exchange rate for future currency conversions, which means that the customer's revenue in the selected basic currency will not fluctuate along with general exchange rate fluctuations.

The terms of the forward transaction stipulates that both the bank and the customer undertake the obligation to convert currency on the date and in the amount agreed on the basis of the pre-established currency exchange rate.

Possibilities:

  • Hedge currency risks,
  • Accurately plan revenues independent of exchange rate fluctuations,
  • Fix the future currency exchange rate today,
  • Perform forward transactions issuing instructions by telephone.

Security needed:

The need for a security is evaluated on a case-by-case basis, while the amount of the security depends on the term of the transaction and the currencies involved.

What you need:

  • Open an account with Swedbank,
  • Sign an "Agreement for Financial Market Transactions" with Swedbank.

After signing an agreement on foreign exchange transactions, the customer is given a password, by means of which the customer's identity is verified prior to each transaction.

  • Valūtas maiņas darījums stājas spēkā tajā brīdī, kad puses ir vienojušās par darījuma noteikumiem (mutvārdos noslēgtā darījuma noteikumu pierādījums ir telefonsarunas ieraksts).
  • The transaction is entered in the customer's accounts within an hour after its conclusion.

Swap transactions are banking services allowing the customer to agree with the bank on currency conversion according to a fixed exchange rate in the nearest future, at the same time undertaking to convert the currency back according to a pre-established exchange rate in more distant future. Accordingly, a swap can be considered to comprise two loans where the bank lends money in one currency at the same time borrowing an equivalent amount in another currency. Swaps are off balance sheet transactions displayed as two transactions - a regular currency conversion and a forward with the same transaction amount, but effected in opposite directions and on different dates.

Currency exchange rates on both occasions are different and depend on the exchange rate differences of the currencies involved.

Possibilities:

  • Hedge currency risks,
  • Balance, without additional currency risks, currency resources in situations where there are excess funds in one currency and shortage in another, to perform swap transactions by giving instructions by telephone.

Security needed:

The need for a security is evaluated on a case-by-case basis, while the amount of the security depends on the term of the transaction and the currencies involved.

What you need:

  • Open an account with Swedbank,
  • Sign an "Agreement for Financial Market Transactions" with Swedbank.

After signing an agreement on foreign exchange transactions, the customer is given a password, by means of which the customer's identity is verified prior to each transaction.

  • Currency conversion becomes effective when the parties have agreed on the terms of the transaction (record of the telephone conversation serves as a proof of the agreement on the transaction).
  • The transaction is entered in the customer's accounts within an hour after its conclusion.

Currency Options is a banking service allowing the customer to hedge against future changes in the currency exchange rate. By buying a Currency Option, the customer has the right, but no obligation to make currency conversion according to a previously established exchange rate on a specified date. The customer or the party purchasing the option pays a premium (option price) to the bank or the party that guarantees performance of obligations.

Currency Options are convenient if the customer's incoming and outgoing cash flows are in different currencies and the dates and amounts of such cash flows can be previously estimated. Currency Option grants the right to its owner but does not incur an obligation to perform currency exchange if the exchange rate fluctuations are not favourable for the customer. The amount of the option price or premium is calculated depending on instability of the currencies involved, the exchange rate established for the deal, exchange rate differences of the currencies involved, maturity of the deal, etc. The right to buy currency in the future is called a call option for such currency, while the right to sell a currency is a put option for such currency.

Possibilities:

  • Hedge currency risks,
  • Use the right to perform currency conversion in the future according to a pre-established exchange rate,
  • Avoid responsibility to perform currency conversion according to a pre-established exchange rate,
  • Perform currency option transactions issuing instructions by telephone.

What you need:

  • Open an account with Swedbank,
  • Sign an "Agreement for Financial Market Transactions" with Swedbank.

After signing an agreement on foreign exchange transactions, the customer is given a password, by means of which the customer's identity is verified prior to each transaction.

  • Currency conversion becomes effective when the parties have agreed on the terms of the transaction (record of the telephone conversation serves as a proof of the agreement on the transaction).
  • The transaction is entered in the customer's accounts within an hour after its conclusion.
Swedbank logo

Jūsu Internet Explorer pārlūkprogramma netiek atbalstīta.

Lūdzu izmantot Google Chrome, Mozilla Firefox vai Microsoft Edge pārlūkprogrammu.

Ar 23.03.2021. Swedbank internetbanka vairs nav pieejama, izmantojot Internet Explorer tīmekļa pārlūkprogrammu.

Tāpat nav iespējams apstiprināt Swedbank maksājumus citās vietnēs, kā arī izmantot Swedbank autentifikāciju, piemēram, latvija.lv.

Turpmāk iesakām izmantot Google Chrome, Mozilla Firefox vai jaunāko Microsoft Edge versiju. Uzziniet, kā uz sava datora uzstādīt kādu no minētajām pārlūkprogrammām, šeit.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Klientu serviss - Инфо и помощь - Customer service: +371 67 444 444

Swedbank
  • Jūsu ierīces operētājsistēma un pārlūkprogramma ir novecojusi un netiek atbalstīta Swedbank internetbankas lietošanai. Aicinām vērsties pie Jums uzticama IT atbalsta, lai saņemtu konsultāciju un veiktu atbilstošu operētājsistēmas un pārlūkprogrammas atjauninājumu.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have been logged out from Internet bank

For extra security close the browser window. If you wish to continue using Internet bank, please log in again.


Travel safely

Gold Credit Card with travel insurance

Choose a credit card with extensive travel insurance for the whole family when travelling during holidays.

Contacts

“Swedbank” AS
Balasta dambis 15, Riga,
LV-1048, Latvia
BIC/S.W.I.F.T.: HABALV22
Reg. number: 40003074764

Useful links

Legal information

Customer programmes

This is Internet Banking site of companies offering financial services - "Swedbank" AS, "Swedbank Līzings" SIA, "Swedbank Atklātais Pensiju Fonds" AS, "Swedbank Ieguldījumu Pārvaldes Sabiedrība" AS, "Swedbank P&C Insurance" AS Latvia branch, "Swedbank Life Insurance" SE Latvia branch. Before signing any agreement read the terms and conditions of the respective service.