Foreign exchange services

How we help

Whether you require an overseas payment, an international investment, or even money for a holiday, 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.

Spot foreign exchange

A spot foreign exchange transaction involves the immediate conversion of one currency to another, with settlement occurring within two business days. We offer competitive pricing across 225 currency pairs.

Our online wealth service allows you to exchange up to £50,000 (or currency equivalent). It shows you the exchange rate, so you can choose whether to transact. The exchanged amounts are then settled over your bank accounts. If you are exchanging between sterling, euros and US dollars, settlement happens on the same day. For other currencies, settlement happens within two business days.

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 transactions

Forward foreign exchange contracts allow you to agree a rate at the time of execution and settle the exchange at any date in the future, giving you certainty over the conversion rate and what proceeds you will receive.

Forward foreign exchanges are an efficient way of protecting your investments or other currency exposures against adverse currency developments. To benefit from our expertise in this area, please contact your private banker who will be happy to discuss the best solution for you.

Foreign exchange orders

A foreign exchange order can be used if you are looking for a specific exchange rate, seeking to maximise profits, or to guard against adverse market movements. These orders 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 depending on your needs:

Your private banker and our treasury specialists are able to assist you in managing your currency exposures and are happy to discuss these solutions with you

FX Direct

If you exchange currencies on a regular basis, execute high value trades or have a vested interest in currency markets, you may be interested in our bespoke FX Direct service. Benefits include:

  • Direct telephone access to our experienced treasury dealers
    Obtain current market pricing at the point of contact, with any deal execution or market related questions answered.
  • Bespoke pricing and deal execution
    Opportunity to book transactions using our dedicated treasury team while also gaining insight into pricing trends and market intelligence.
  • Weekly market commentary
    Receive weekly emails highlighting the major factors influencing the foreign exchange markets and key economic indicators.
  • Hedging facilities
    Discuss appropriate hedging strategies with the team and, where appropriate, execute applicable forward foreign exchange contracts to protect against any adverse exchange rate movements.
  • Limit orders
    Access an order service for the execution of foreign exchange transactions at pre-agreed levels. Monitoring is offered on a 24-hour basis across Asian, European and US trading hours.
Online banking and mobile app

Please note that this service does not constitute advice. We recommend that you speak to your accountant, legal or tax adviser to understand any implications of actions for your individual circumstances.

Get in touch

If you are interested in becoming a client, please complete the form via the ‘become a client’ button below. Alternatively, if you are already a client, or if you have a question about how we help clients in particular circumstances, please use the ‘contact us’ button.

We will get back to you as soon as we can during office hours, which are Monday to Friday, 8am to 8pm (UK time), except for UK public holidays.

Become a Client

Thank you for your interest in Nedbank Private Wealth. Please call us on +44 (0)1624 645000 or complete the requested information and one of our team will get back to you soon. We look forward to speaking with you.  Please note: If you are an EU resident, we are unfortunately unable to offer our services to you at present.

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Contact Us

Please call us today on +44 (0)1624 645000. Our office hours are weekdays from 8am to 8pm (UK time), except for UK public holidays.


Or please complete and submit the below form and one of the team will get back to you as requested.

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