Foreign Exchange

Are you an entrepreneur or a company that trades with foreign countries, and needs to use foreign exchanges?
There are no minimum limits in Citfin for the purchase and sale of foreign exchanges because we approach each client individually.

The benefits of Foreign Exchange

Favourable rates

You can get a better exchange rate when purchasing and selling foreign exchanges. We also offer cross rates.

No limits

There are no minimum exchange volume limits for spot trading.

Fast execution

Same-day execution for transactions on KB, ČS, Moneta, ING, ČSOB, Fio bank, Raiffeisenbank and Citfin accounts.

Individual Approach

Phone consultations regarding the exchange rates and their expected development are an integral part of our services.

The experiences of our clients with Foreign Exchange



Are you looking for advice or answers to your questions? Let us know, we’re happy to help.

We are available to you on working days from 8:00 am to 5:30 pm.

How it works

You can conclude a foreign exchange transaction with a member of the Dealing Department by phone.

For safety reasons, you need to verify yourself via SMS during the phone call.

The foreign exchange transaction confirmation will be delivered to your internet banking account.

According to the instructions provided in the confirmation, send the currency being sold to your Citfin account.

On the settlement date, Citfin will send the purchased currency to your bank account or make a foreign or domestic payment.

FAQ

  • Spot transactions: the purchase and sale of foreign exchanges with a settlement period of two business days
  • Forwards: the purchase and sale of foreign exchanges with a settlement period of three business days to two years

  • The type and amount of the currency that we are purchasing from you
  • The type and amount of the currency that we are selling to you
  • The exchange rate
  • The transaction type: spot or future
  • The settlement date, i.e. the day on which the funds will be exchanged in the agreed currencies
  • The settlement procedure

  • Before initiating the cooperation, you need to conclude the Framework Agreement, which regulates the terms under which foreign exchange transactions will be made by you, as our client, in the future.
  • In addition to the Framework Agreement, the client’s identity also needs to be verified in accordance with Act No. 253/2008 Sb., on selected measures against the legitimisation of proceeds of crime. An identity can be verified in-person, through the register office or by a notary.
  • After the contractual documentation is signed, you can start to make foreign exchange transactions and use foreign exchange services.

The foreign exchange market is moving very fast. We are fully online and can’t predict when it is possible to buy foreign currency at the best rate. However, we will be pleased to consult with you on the current exchange rate development and the expected macroeconomic data with the potential to intervene in the further development.

You can’t say that. The truth is that there is no regularity in the foreign exchange market, but macroeconomic data are made public at a preset time, and at this time foreign exchange rates tend to move more.

Safety is important to us and our employees must be sure that they are speaking directly with you and that someone is not trying to harm your business.

We are fully online and exchange rates change in the market every second. The CNB middle rate is reserved for accounting purposes only.

The 2012 European Parliament and European Council Regulations impose reporting obligations on both providers and clients.

No, we don’t offer any cryptocurrencies, you can only trade real foreign currencies at Citfin.

We don’t allow this form of contract signing; we always prefer a personal meeting, and our employees will be happy to visit you in your company.

You won’t find any asterisks and hidden information with us. We are always transparent.