We also use Citfin forward transactions, which now, after the closure of CNB interventions, became a very important instrument. With forward transactions, we simply fix the rate for all known liabilities, which we will have to pay in a foreign currency in the future. You don’t have to worry about any loss from rate fluctuations. What I appreciate the most about Citfin hedging is its flexibility. I can make a forward transaction whenever I want. I don’t have to wait for it to be completed and can draw funds from it earlier, if necessary. Moreover, hedging by a forward transaction with Citfin is easy, and it can all be arranged over the phone. If I decide to use hedging today, Citfin will provide it tomorrow, which is extremely convenient. Their fast, professional and personal approach cannot be found in any bank.

Petr Čížek
Managing Director, BÖLLHOFF, s.r.o.

In addition, if we need to fix the rate on the prices of our tours, we simply agree with our Citfin dealer, make a forward transaction and wait for the right moment to execute the foreign exchange transaction. I also appreciate and recommend Citfin thanks to their friendly and personal approach.

Radek Maděra
Travel Agency Manager, CK Arcadia Air, s.r.o.