Hedging of currency risk

Forwards

Forwards are currency transactions which set the client’s obligation to buy/sell foreign currency at a given future date, on certain terms and conditions and at a fixed exchange rate. Such transactions are done in order to hedge against changes in currency exchange rates.

Advantages of forward contracts:

  • Ability to set any date of execution of the forward contract, reducing currency risks.
  • There is no need to pay the total amount of the purchase or sale when concluding the contract
  • Easier process of setting business financial indicators and fixing Hryvnia profits of an import-export contract well before actual payment
  • Forwards are binding and irreversible.
  • Agreement on the terms and conditions (forward rate and amount covered) — within 1 hour.
Basic terms and conditions for forwards
Minimum amount
equivalent of UAH 20,000
Currency
USD/UAH or EUR/UAH
Term
from 3 to 365 days
Fees for forwards
Purchase of foreign currency for UAH (on "forward" conditions)
0,3 %
(Free)sale of foreign currency for UAH (on "forward" conditions)
0,3 %

How do I apply?

  • Order online

    Submit your application and our manager will contact you to schedule an appointment.

  • Contact your personal manager

    for existing clients of the bank.

Send a request
Leave your contacts and the bank employee will contact you to agree on the terms of bank product or service.
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