The situation that I need to solve
I don’t have to time to continuously monitor market rate fluctuations, but I want to exchange under the most favourable conditions.
The current exchange rate is not suitable for me and I can wait for a more favourable one. There is no urge to pay invoices.
The current market rate is not bad, but I would like to reach a more favourable one to meet my needs. On the other hand, I need to exchange as soon as the market rate becomes worse and develops contrary to my expectations.
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.
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.
Travel Agency Manager, CK Arcadia Air, s.r.o.
What we can do for you
We will monitor exchange rates for you 24 hours a day, 5 days a week. You do not have to continuously monitor the forex market to achieve a profit or limit exchange rate risks.
All you have to do is to specify your binding rate requirement and select a Currency Order type. You will, therefore, give us the instruction to automatically purchase or sell currency at your required rate or the worst acceptable rate. Alternatively, you can set a combination of both, just to make sure. We will then monitor the rate for you, even for a year. As soon as your required rate is reached on the market, the exchange will be automatically performed.
You can cancel the existing Order that has not yet been executed.
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.
You may want to, take a look
Do you purchase or sell foreign currency and want to avoid the negative consequences of rate fluctuations?
Fix the current rate for up to two years in advance.
Are you looking for the most favourable rate but have no time to monitor the development in the foreign exchange market?
The Currency Order will keep an eye on the rate for you.