- Forward exchange rate is an exchange rate negotiated today between the bank and a client upon entering into a forward contract agreeing to buy or sell some amount of foreign currency in the future
- Can hedge or evade foreign exchange risk by using Forward Exchange Agreements
Rates
- Exchange rates for Forwarding Contracts can be negotiated with corporate desk dealers
Process
- Importer or exporter should have underlying contracts to a particular transaction and can be negotiated for a forward exchange rate
- If the client agrees with the exchange rate, it is required to sign a forward exchange contract with a relevant branch and process the transaction
Contact
Treasury (Corporate Desk)
7th Floor,
Bank of Ceylon Head Office,
"BOC Square", No. 1, Bank of Ceylon Mawatha,
Colombo 1, Sri Lanka.
T: 011 2203650
011 2445785
011 2203651
F: 011 2445788
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