Who is the Foreign Exchange for? How you will benefit How does the Riyad Bank Foreign Exchange work for you? The Riyad Bank Advantage How much will the Riyad Bank Foreign Exchange cost? Where can I apply for the Riyad Bank Foreign Exchange? Apply now Terms and Conditions
Who is the Foreign Exchange for?

Riyad Bank customers who:

		Import goods for which they are invoiced in foreign currency
		Export goods for which they invoice in foreign currency
		Invest in foreign markets.

How you will benefit

		Reduce costs
		Receive better prices
		Reduce the risks involved in foreign currency markets
		Hedge currency exposures using a variety of tools.
		Have us watch out for your needs 24 hours a day
		Gain competitive international prices

How does the Riyad Bank Foreign Exchange work for you?

Foreign Exchange offers the following services:

		Spot Transactions for Immediate Settlement "Spot" is the market terminology for an exchange of currencies for delivery, normally two working days after the date of the trade, known as the value date of the deal. Buying and selling currencies for spot delivery is not a method of hedging. Merely the purchase and delivery of a given amount of currency as and when required.
		Forward Transactions A forward transaction allows the customer to buy a given amount of currency for delivery on a specific date in the future. This allows the customer to hedge himself against future movements, either positive or negative, in the currency markets.
		Foreign Exchange Options By purchasing an option the customer has the right, but not the obligation, to buy the currency he requires at a given future date. By paying a premium, the customer is able to "lock in" his worst rate, yet, benefit from a movement of the market in his favour. Reduced and zero cost option strategies are also available.

The Riyad Bank Advantage

		Pricing. Riyad Bank's network of overseas correspondents ensures that we are able to command the finest market prices for each product.
		Information. We have access to the latest economic information & data, from inside and outside the KSA, allowing us to give up-to-the-minute advice and recommendations.
		Technology. Our Corporate Sales Teams have access to state-of-the-art systems enabling them to provide assistance and advice with precision and sophistication to our customers.

How much will the Riyad Bank Foreign Exchange cost?

Options purchased require the payment of a premium; however for all other services the customer receives the market rate.

Terms and Conditions

		You must have an account at any Riyad Bank branch
		You must have a foreign exchange limit with Riyad Bank