Foreign

Exchange Desk

Spot Foreign Exchange Transactions

Buying and Selling of foreign currencies against the Egyptian Pound and other major currencies are delivered within two working days after the date of transaction. AAIB offers very competitive rates on a range of currencies (Daily rates are available on request.)

Forward Foreign Exchange Transactions

Buying and Selling of foreign currencies against the Egyptian Pound and other major currencies, at a certain future date and at an agreed price. A forward transaction allows you to eliminate exchange rate risk. AAIB offers forward transactions with maturities of up to 1 year in all major currencies.

Currency Swap Transactions

This transaction combines a spot sale with a forward purchase (or vice-versa) at the same time. Accordingly, you can convert one currency to another and then reverse the transaction with no exchange rate risk.

Foreign Exchange Options

A contract that provides protection against adverse currency movements, whilst allowing participation gains in favorable currency movements. Unlike a Forward Foreign Exchange contract, options do not oblige the buyer to deliver currency on the settlement date.

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