On the date of the transaction, both exchanges rates shall be established (for selling the currency in excess at the date of the transaction and for purchasing back the same currency at maturity), as well as the amount and the exact date of returning to the initial currency
The product helps the company to have a better management of its financial resources, while also protecting it from potential unfavorable trends in the market
Currency swap can be supported on various pairs of currencies
Certain formalities are required to undertake this transaction
For more information on the “Currency swap” service, please contact the sales team at the DPF.Sales@bcr.ro e-mail address.