Foreign Exchange Services

    • foreign exchange servicesforeign exchange services

      Wide choices of hedging solutions at competitive rates

    Services

    UOB offers you foreign exchange services on spot, forward and swap basis to meet your trading needs and funding requirements.

    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

    Fees
    Requirements
    • To apply, all corporations have to set up an FX Line with the Bank. The FX line states the maximum amount and tenor that you may contract at any one time.

      If your business currently has credit facilities (e.g. Letter of Credit, Trust Receipts or Overdraft line) with the Bank, you can arrange with your banker to restructure the credit line to accommodate the additional FX facility by earmarking a portion of the existing facilities.

    Apply Now

    Contact Us

    For queries or comments, please:

    phone

    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

    Notes

    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.

    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".

    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.

    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.

    More Information

    Visit us at:

    United Overseas Bank Limited

    Corporate Sales

    80 Raffles Place

    5th Storey UOB Plaza 1

    Singapore 048624

    Contact Us