Currency insurance and currency exchange

What forward operations are

Forward transactions consist of "locking in" the price at which you will buy a currency on a specific date, that is, you guarantee an exchange rate for that day.
They provide flexibility

If you enter into a forward operation because you are going to make a purchase in dollars (USD) within a month, but the payment ends up being moved up, the exchange rate of the operation is adjusted to the market conditions at the time, but you do not pay a fee for the change.

What American forward entails

In American forward operations, you also set the price that a currency will have in the future, but if you move the date up, the exchange rate is maintained.
When to choose American forward

The American forward is a good option if you want to set an exchange rate and make sure it will not vary even if you have to move up the settlement date you had chosen.

What a spot transaction is

Spot currency transactions are those that are settled between the contract date and two business days later. As in the previous ones, a price is also set.
You can do them on your phone

You can do your spot currency trades from the online business banking platform, and also from the app.

You can do spot and forward transactions directly from the online banking service for companies.

Specialists to answer your questions

Your personal trade finance adviser will answer any questions you have about important aspects of your activity abroad.

Find out more

Are you interested?

You can purchase currency exchange insurance at any of our branches or fill out a form to have us contact you.

Other products that might be of interest to you

A credit limit to finance payments to your international suppliers.

More information
A credit limit to get an advance on your invoices to international customers. The difference with factoring is that the bank does not cover the risk of insolvency.

More information

We work to ensure that borders don't hinder your business.
We believe in a way of banking that focuses on people: bancaresponsable.com.

Currency insurance and currency exchange