Product details
Forward FX is the transaction in which VRB and you agree to buy and sell an amount of foreign currency:
- At an FX rate set on the agreement date.
- Settle on a specific future date (not longer than 365 days since the agreement date).
When you want to hedge against the volatility of FX rate, you can use our forward FX service.
The transaction term
The transaction term is at least 3 days, at most 365 days
The Exchange rate
VRB Foreign Exchange Forward transactions always meet the enterprises' demands for legal foreign currencies trading with competitive rates
Benefits
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Avoid FX rate volatility because FX rate is fixed
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Budget your future expenses if the expenses are in foreign currencies
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Avoid foreign currency liquidity crunch in the market
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