We can help you source foreign currency without any hassle and we ensure that you choose the right product or solution to suit your international transacting needs.

Build or Improve Credit Card
Spot foreign exchange

This solution is right for you if you need foreign currency within 2 working days.

Build or Improve Credit Card
Forward foreign exchange

Eliminate the risk of currency fluctuations with our forward foreign exchange solution.

Build or Improve Credit Card
Derivative products

Hedge foreign exchange risk with our derivative products. 

foreign exchange

For immediate foreign currency needs

A spot deal is an agreement between you and us for the sale/purchase of a specific amount of foreign currency at a specified exchange rate for delivery in two working days.    

Flexible

With no minimum deal value, your business has the flexibility to exchange any foreign currency that you need.

Versatile

Deals can be booked in any two of 16 currencies.

No surprises

No separate commission fees. The cost of the deal is determined by the exchange rate applicable to that transaction.

foreign exchange

Manage foreign exchange risk

A forward exchange contract rate is based on the prevailing spot rate, plus or minus a premium or discount, which is determined by the interest rate differential between the two currencies involved.    

Safe and easy

It is a simple and safe way to manage foreign exchange risk.

Plan ahead

Forward foreign exchange contracts give you the ability to fix a future currency exchange at a fixed rate.    

foreign exchange

Protection to foreign exchange risk    

A derivative is an instrument of which the price is derived from one or more underlying instruments. The underlying asset is often a financial asset or rate, but it does not have to be. The derivative itself is a contract between two parties and the contract value is determined by fluctuations in the underlying asset.    

Foreign currency derivatives

Used for currency speculation and arbitrage or for hedging Forex risk.    

Interest rate derivatives

Utilised to either hedge or speculate on the movement of interest rates.

Commodity derivatives

Financial instruments whose value depend on that of commodities, such as grains, energy or metals.

To find out more about foreign currency, interest rate or
commodity derivatives, please contact:

+255 (0) 746 882 029 | +255 (0) 746 882 037

Email:

ABTZGlobalMarkets@absa.africa

Find a branch