Foreign Exchange Services
UOB offers you foreign exchange services on spot, forward and swap basis to meet your trading needs and funding requirements.
Services
- We offer foreign exchange services for spot, fixed forward, optional delivery forward and swap basis to meet your trading needs and funding requirements such as payment/receipt of trade bills, remittances, fund transfers and loans
- We also offer a variety of hedging instruments/products such as Asian Non-Deliverable Forward (NDF), Currency & Trigger Related Option, Long Term FX Forward and Par Forward (FX) to better manage your foreign exchange exposures
Benefits
- Enjoy competitive rates for a wide range of foreign currencies and the ability to hedge your foreign exchange exposures
- You can secure/book FX rates in advance from a choice of more than 20 currencies (including major currencies) against Singapore Dollar and US Dollar
- Corporates with less exposures can enjoy hedging benefits with a smaller contract size
- Secure "live" foreign exchange rates online with UOB eFX service via Business Internet Banking and enjoy real-time foreign exchange services
Eligibility
Apply Now
- If you are a corporation or small and medium-sized enterprise (SME), call us at +65 6535 4211
- If you are a multi-national corporation (MNC), call us at +65 6233 6036
- Contact Us
-
Visit us at:
United Overseas Bank Limited
Corporate Sales
80 Raffles Place
5th Storey UOB Plaza 1
Singapore 048624
More Information
Value Date
Value date refers to the date on which actual exchange of funds i.e. payment/receipt takes place. Funds can only be used when they are credited with "good value". Foreign Exchange (FX) rates are generally quoted on a spot basis.
Spot Transactions
An FX spot transaction is a deal in which you and the Bank agree to exchange agreed-upon amounts of two different currencies at an agreed exchange rate for settlement in 2 business days. Spot rates can be adjusted to provide for transactions taking place today or tomorrow. These transactions are known as "Value Today" or "Value Tomorrow".
Forward Transactions
A forward transaction is an agreement between you and the Bank, which is agreed today, to exchange agreed-upon amounts of two different currencies at an agreed-upon rate/price for delivery on an agreed future date.
FX Swaps
An FX swap is a pair of currency transactions, one for purchase and one for sale, for two different value dates, one of which is spot.
Value date refers to the date on which actual exchange of funds i.e. payment/receipt takes place. Funds can only be used when they are credited with "good value". Foreign Exchange (FX) rates are generally quoted on a spot basis.
Spot Transactions
An FX spot transaction is a deal in which you and the Bank agree to exchange agreed-upon amounts of two different currencies at an agreed exchange rate for settlement in 2 business days. Spot rates can be adjusted to provide for transactions taking place today or tomorrow. These transactions are known as "Value Today" or "Value Tomorrow".
Forward Transactions
A forward transaction is an agreement between you and the Bank, which is agreed today, to exchange agreed-upon amounts of two different currencies at an agreed-upon rate/price for delivery on an agreed future date.
FX Swaps
An FX swap is a pair of currency transactions, one for purchase and one for sale, for two different value dates, one of which is spot.
Useful Information
Uniplus Account Rates
| Savings Amount | Rates |
|---|---|
| First S$3,000 | 0.2500 |
| Next S$47,000 | 0.2750 |
| Next S$50,000 | 0.3750 |
| Remaining Balance Above S$100,000 | 0.4750 |