Foreign exchange services
Whether making an overseas payment, an international investment, or even buying a property abroad, our team of experienced treasury professionals can work with you and your private banker to deliver a range of foreign exchange solutions to suit your individual needs.
What we offer
Our foreign exchange service is designed to complement your wider banking needs
We provide a comprehensive range of facilities for private high-net-worth clients and, with highly sophisticated price and market information systems at their disposal, our dealers quote immediately for all major currencies. Foreign currency receipts can be converted into the currency your account is held in and external payments can be made in any of the world’s major currencies. With our multi-currency banking options, we believe we can meet the requirements of the most complex portfolio.
Get in touch
Find out how we can help you. Call +44 (0)1624 645000 or email [email protected]
Foreign exchange solutions
Our team of expert treasury professionals can help you
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Spot foreign exchange
A spot foreign exchange transaction involves the immediate conversion of one currency to another with settlement occurring within two business days – or sooner depending on the currency pair. We offer competitive pricing, and our Online Wealth Service allows you to transact across 225 currency pairs up to £50,000 (or currency equivalent). It shows you the exchange rate, so you can choose whether to transact, and the exchanged amounts are then settled over your bank accounts.
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How we can help
Our dedicated treasury team can provide indicative exchange rates for conversions of sums above £50,000. This service is available through your private banker.
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Spot foreign exchange
A spot foreign exchange transaction involves the immediate conversion of one currency to another with settlement occurring within two business days – or sooner depending on the currency pair. We offer competitive pricing, and our Online Wealth Service allows you to transact across 225 currency pairs up to £50,000 (or currency equivalent). It shows you the exchange rate, so you can choose whether to transact, and the exchanged amounts are then settled over your bank accounts.
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How we can help
Our dedicated treasury team can provide indicative exchange rates for conversions of sums above £50,000. This service is available through your private banker.
Forward foreign exchange
What is forward foreign exchange?
Forward foreign exchange is an efficient way of protecting your currency exposures against adverse currency fluctuations. A foreign exchange transaction can be agreed for settlement on any future date determined by you, giving certainty over the conversion rate and proceeds received.
Frequently asked questions
Nedbank Private Wealth
What is foreign currency exchange?
Why choose our foreign exchange service?
Are there risks involved in foreign exchange?
How can I learn more about foreign exchange?
Foreign Exchange Orders
Solutions, even when rates are not at your desired level
A foreign exchange order can be placed for sums of £100,000 or more (or the equivalent in other currencies) and can be held for a specific period of time – or left open until executed – as long as you continue to hold sufficient money in your account to cover the settlement. We offer three order types:
- For Profit: By placing a for profit order your desired exchange rate will be monitored 24 hours per day.
- Stop Loss: Can be used to build in protection against adverse market movements whilst keeping your profit options open.
- One Cancels Other: A mixture of for profit and stop loss orders whereby you can achieve a desired rate, but still have protection against adverse market movements.
If you wish to know more about our FX Order products, please speak to your private banker.
Latest Videos
More about our foreign exchange services
Brian Middlemiss answers some of the questions you may have about our foreign exchange services.
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Corporate social responsibility
Recognising the impact and taking action
We support projects that help reduce the impact we have on our local and global environment. We work closely with local charities to help improve the communities in which we operate and, more broadly, we partner with Ecologi to offset more than our collective carbon footprint puts back into the environment.
Related case studies
Read about more clients we have helped
We have helped countless high net worth clients with their financial needs – some straightforward, some complex. Our bespoke approach, where we really get to know our high net worth clients, allows us to offer solutions that other wealth planners and private banks aren’t able to.
Leveraging the family relationships
Different currencies, different jurisdictions
Want to find out more? Get in touch
We’re here to help you. Call +44 (0)1624 645000 or email [email protected]
OUR TEAM
Meet our team of dedicated professionals
Our teams are highly skilled and will help to understand your needs, giving you access to proactive help and efficiency through a single point of contact.
Find out more about our teams in the UK, Isle of Man, Jersey and Dubai here
Frequently asked questions