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Foreign currency transactions

Beneficial foreign currency trades
Does your company make international transactions? Thanks to its wide global branch network, years of experience, and desire to always meet its clients' needs, Citibank is the best partner for companies with international business activities. We offer a preferential individual exchange rate for foreign currency trades starting at USD 2,000 or equivalent in other currencies.
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In foreign currency trades, Citibank offers the following services:
CitiFX Pulse online application
The CitiFX Pulse online application not only lets you keep an eye on live exchange rates and quickly and safely process transactions between your own accounts, but also hedge exchange rate risks through forward trading.
Individual exchange rates for foreign currency transfers
The service can be used for foreign payments of at least USD 10,000 or equivalent in another currency. It can also be used for transfers between the client's Citibank accounts in various currencies.
Hedging exchange rate risks – FX FORWARD
This service enables the purchase or sale of foreign currency at a future date ranging from three days to 12 months at the negotiated forward rate. The minimum amount for a FX forward transaction is USD 20,000 or equivalent in another currency.
The conditions for closing a forward trade are obtaining approval from Citibank and signing a special contract.
CitiFX Pulse
CitiFX Pulse is an online application that gives our clients a complex overview of what is happening on the market and an option to make foreign currency trades.
The main advantages of CitiFX Pulse compared to standard telephone trading are:
  • simple and mobile - with an internet connection, you can monitor exchange rates and negotiate trades anywhere in the world
  • online prices - current exchange rate in real time: the client can decide when and at which exchange rate the trade will be made
  • orders - monitoring the requested exchange rate for a planned transaction 24 hours a day – exchange transaction carried out at the requested exchange rate without need for monitoring by the client
  • negotiating forward trades - a flexible means of hedging the exchange rate risk
  • access to the application is free for clients
The application is available in many languages – Czech, English, Polish, Hungarian, Spanish, Russian, Japanese, and more.
Individualized exchange rates for foreign currency transfers
Telephone conversion - clients may contact the dealing department at 233 061 979 and arrange with the dealer a conversion from one currency to another using an individualized exchange rate with fast processing between accounts.
The service can be used for transactions of at least USD 10,000 or equivalent in another currency.
Hedging exchange rate risks - FX FORWARD
Hedging is the process of protecting the company's current and future positions that are threatened by unfavorable movement in market prices.
The simplest hedging tool is a forward, a product that enables the purchase or sale of foreign currency at a future date, from three days to 12 months, according to the client's needs.
Individual forward transactions may be entered in the CitiFX Pulse system - its advantage is flexibility and fast negotiation of the hedging, as well as securing the current exchange rate and with it the calculated margin of the transaction.
Uses of a forward:
  • foreign currency payments for imported goods
  • received foreign currency for exported goods
  • part of the expected cash flow, individual orders
  • foreign currency loans/investments
The purpose of financial risk management is:
  • avoiding unpleasant surprises
  • creating an adequate time reserve for cash flow management
  • reaching expected targets - profitability
  • separating core business from financial risks
  • managing pressure from the competition
Easily accessible working capital loans
Current accounts