Currency Order and SMS Rate Alerts
Stay in control of your exchange rate without constantly monitoring the market – FX rates move continuously, and even a difference of a few cents can translate into substantial costs or savings. Securing a favourable rate at the right moment helps protect your margins without the stress of watching the market all day.
Currency Order: Automatic Execution at Your Target Exchange Rate
You simply set your target exchange rate over the phone, and once the market reaches it, the trade is executed automatically.
We monitor the exchange rate for you 24 hours a day, five days a week. Even if the market reaches your target level overnight for only a few seconds, the trade will still be executed automatically.
If the exchange rate does not reach your target level within the selected period, the order simply expires.
A currency order is free of charge and involves no unnecessary administration.
Citfin Tip: Our clients most often place currency orders ahead of key macroeconomic data releases, when the likelihood of increased FX volatility tends to rise. A Currency Order can be used as a STOP LOSS or TAKE PROFIT instruction, or as a combination of both, allowing the trade to be executed automatically at your target rate or at the worst still acceptable level.
Example of How to Use a Currency Order:
A Czech importer knows that within the next 14 days it will need to make a payment in EUR to a foreign supplier. The current EURCZK exchange rate is around 24.70. The company would ideally like to secure a buying rate of 24.30 EURCZK, but at the same time is not willing to purchase euros above the level of 25.00 EURCZK.
The company therefore sets up a combined Currency Order with a TAKE PROFIT level at 24.30 EURCZK and a STOP LOSS level at 25.00 EURCZK. This gives the business certainty that if the market reaches either threshold, the euros will be purchased either at the desired rate or at a still acceptable level.
| Currency Order Period | 1 July – 16 July |
| Current Exchange Rate on 1 July | 24,70 EURCZK |
| TAKE PROFIT – Target Exchange Rate | 24,30 EURCZK |
| STOP LOSS – Acceptable Exchange Rate | 25,00 EURCZK |
SMS Rate Alerts: Stay Informed on Exchange Rates Anytime, Anywhere
Option 1: You set the exchange rate you want to monitor over the phone. Once the market reaches that level, you receive an SMS alert and can decide how to proceed.
Option 2: You choose the currency pair you want to track over the phone, and you will receive up to three SMS updates per day with the latest exchange rate movements.
SMS rate alerts can be set up free of charge for any period of time. Once the selected period expires, the service can easily be renewed.
We monitor exchange rates for you during Citfin’s business hours. SMS rate alerts are provided free of charge and with no unnecessary administration.
Citfin Tip: Our clients typically use SMS rate alerts when they are not yet certain they want to execute a trade, but still wish to stay informed about market movements. There is not always time to monitor charts and macroeconomic data throughout the day, which is why this service helps keep you updated automatically — with no administration and completely free of charge.
Example of Using SMS Rate Alerts – Regular Market Updates:
A Czech exporter sells goods to Poland, Hungary, Germany and the United States, receiving Polish zloty, Hungarian forint, euros and US dollars into its EASY Multi-Currency Account. Monitoring all four currency pairs continuously would be difficult, yet the company still wants to stay informed.
The business therefore sets up SMS rate alerts for PLNCZK, HUFCZK and USDCZK twice a day for one month. SMS updates are then delivered automatically at the same times each day, providing a clear overview of market movements.
| SMS Rate Alert Period | 1 July – 31 July |
| Monitored Currency Pairs | USDCZK, PLNCZK, HUFCZK |
| SMS Updates Delivered Daily At | 9:15 AM and 3:00 PM |
SMS Rate Alert Example – One-Off Notification
A Czech exporter sells goods to Germany and, as most revenues are received in euros, sets up an SMS rate alert for EURCZK at the target level of 24.90 EURCZK for one month. Once the exchange rate reaches this level, the company receives an SMS notification and can decide whether to proceed with the conversion or wait.
This solution allows the business to stay informed about market movements without monitoring exchange rates continuously during the day. If the target rate is not reached during the selected period, the SMS rate alert simply expires and can be set up again free of charge.
| SMS Rate Alert Period | 1 July – 31 July |
| Current Exchange Rate on 1 July | 24,70 EURCZK |
| Target Exchange Rate | 24,90 EURCZK |
Key Benefits of Currency Orders with Citfin
24/5
Your Currency Order monitors exchange rates 24 hours a day, five days a week, allowing you to focus fully on your business.
Fully Online
Even if your target exchange rate appears on the market for only a few seconds, the Currency Order will still be executed automatically.
Multi-Currency Orders
EUR, USD, PLN, GBP, CHF, CZK, NOK, SEK, DKK, HUF, JPY, CAD, AUD, CNY.
Set Your Limits
TAKE PROFIT and STOP LOSS levels help give you greater certainty over your exchange rate exposure.
Key Benefits of SMS Rate Alerts with Citfin
Personalised Approach
Your dedicated dealer and account manager are always available whenever you need them. We are ready to advise you and focus entirely on your company’s specific needs.
Monitoring Across Multiple Currencies
We monitor all major global currencies against the Czech koruna, euro and US dollar throughout Citfin’s business hours.
Free of Charge and Without Obligation
The service is completely free, and when you receive an SMS rate alert, the decision whether to exchange or not remains entirely up to you.
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