Foreign currency conversion

 

Foreign currency conversion – transaction of purchase (sale) of one foreign currency for another.

Conversion is possible between currencies from the same group of Classifier.

Transaction of conversion is carried out:

  • For further transfer of the purchased currency to fulfill the obligations to non-resident according to contracts;
  • To withdraw the cash for business trips;
  • To fulfill the obligations to the Bank (loan repayment, interests and fees of guarantees and letters of credit);
  • Risk hedging.

To execute the transaction the following actions are required

  • To provide Application to the Bank;
  • To ensure adequate balance on current account in foreign currency;
  • Conversion for further transfer of the purchased currency to fulfill the obligations to non-resident under the contracts is executed on the basis of the documents that confirm these obligations.

Tariff Term of provision
0.3% of the amount of foreign currency purchase and paid in UAH equivalent based on NBU currency exchange rate

in a day of providing Application to the Bank:

  • till 15:00 – for operations of purchase of foreign currency of the 1st group of the Classifier;
  • till 11:30 – for operations of purchase of foreign currency of the 2nd group of the Classifier.

Advantages of the using this service:

  • time saving in operation activity
  • effective utilization of own funds in foreign currency.

Other foreign currency transactions:

For companies with total annual turnover up to UAH 400 Mio that have foreign economic activity the International tariff package is specially designed.

Currency operations



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More detailed information can be obtained by calling the Information Center
  • phone: (044) 490-05-25, (044) 490-05-00 (24/7)