Jul 25, · I&M Bank is connected to the global currency hubs as well as the Kenya foreign exchange market via a first class network of foreign correspondent and local banks. We offer foreign exchange services and facilitate remittances in the following International currencies: United States Dollar; The Euro; Pound Sterling; Swiss Franc; Indian Rupee; Japanese yen. *The rates above are indicative, visit a branch near you for more details. Outward Foreign Remittances. We also offer remittance of funds in foreign currency to any part of the world. At NIC Bank, efficient settlement is done through our correspondent banks either on the same date or the following day. Special rates are offered for amounts equal to or exceeding USD/GBP/EUR 1, or its equivalent in other foreign currencies.
Which are the best banks in Kenya to change foreign currency? We have a list of best banks where you change foreign currency and earn attractive rates. Barclays Bank is among popular banks where Bank forex rates in kenya operate forex trading account or exchange foreign currency.
With no minimum deal value, your business has the flexibility to exchange any foreign currency that you need. No separate commission fees. The cost of the deal is determined by the exchange rate applicable to that transaction. Standard Chartered Banks is also another ideal bank to exchange your currency.
The bank has very attractive rates which always favour a customer. You can send and receive money from one account to another, anywhere in the world and in any currency.
You can buy or sell foreign bank notes over the counter in any of our branches countrywide. These are available in all major currencies at any of our branches countrywide. These are transactions done on one day and settlement is done after two working days. Most inter-bank transactions fall in this category. This product is however Bank forex rates in kenya to clients doing large transactions subject to prior arrangements and approval.
You can arrange with our Treasury team for the sale or purchase of a specific amount of foreign currency at Bank forex rates in kenya specified exchange rate for settlement on a particular date up to days 6 months in the future. This enables you to eliminate any risk of exchange rates moving between the time that commitment is first established deal date and the date of actual delivery of funds value date at no additional cost.
These are transactions done on one day and settlement done after more than two working days. Forward transactions are done with clients who either receive or remit determinable amount of foreign exchange on a definite future date. A forward is a binding contract in which the amounts involved, the rate and the settlement date are specified.
This is a funds transfer service where the bank remits money on behalf of its clients to foreign countries, in foreign currencies. It is efficient, secure and irrevocable.
The rate, charges and value date are specified at the point of doing the transaction. The bank usually settles TT on the same date. At Equity Bank, one can maintain a foreign currency account either as a savings or current account.
These are accounts into which clients deposit specified funds for a fixed period of time and in turn receive preferential rates.
Refers to loans to clients advanced in foreign currency. The loans are subject to credit appraisal and pricing is benchmarked on LIBOR or other international benchmarks, Bank forex rates in kenya. Swaps allow our clients to manage the exchange and interest rate risks associated with financing and investing in currencies other than the domestic one.
We offer foreign exchange services and facilitate remittances in the following International currencies We are the only bank with regional presence that offer this efficiency. At KCB, Bank forex rates in kenya, customers can maintain a foreign currency account as savings, current account or fixed deposit investment account.
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Tag: equity bank exchange rates. Forex Articles. Forex Trading in Kenya. September 8, - by admin - Leave a Comment. Welcome to Forex Kenya, the first website dedicated to forex trading in Kenya. For those of you who are not familiar with the forex market, it . For more information about currency exchange i.e. KCB exchange rates, contact KCB Treasury on + () , + () or email@example.com Currency Account These are savings and current accounts denominated in foreign. Outward Foreign Remittances. We also offer remittance of funds in foreign currency to any part of the world. At NIC Bank, efficient settlement is done through our correspondent banks either on the same date or the following day. Special rates are offered for amounts equal to or exceeding USD/GBP/EUR 1, or its equivalent in other foreign currencies.