Foreign exchange

Foreign exchange services enable you to buy or sell a foreign currency against U.S.Dollars or another foreign currency. 

Our Foreign Exchange Services are simple and easy to use and offer currency choices.

In today’s global and highly competitive world reliance on a single currency can be highly risky. Currency choices allow both businesses and individuals the opportunity of potential benefits from using Foreign Exchange.  Well considered and managed currency choices have the potential to reduce costs and to deliver benefits from foreign exchange rate movements. ANZ Royal Bank is able to help you here.

Key Features

Offers you Opportunity

• Benefit from non-USD payments or receipts, where the other party resides in a country which does not use USD as their national currency. The other currency needs to be readily convertible ie: the other currency is a major currency such as the EUR, GBP, JPY, SGD, AUD, NZD. Having this ‘currency choice’ allows you to benefit when the exchange rate is in your favour.

Uses

• Can be used to make payments or to request for incoming funds in the currency of your choice - especially if you have a natural need for the foreign currency or the rate of a major currency is attractive.
• Available for trade, investment or meeting other commitments.
• For business, it allows you to identify, manage and mitigate your foreign exchange risks.

Availability

• In all major currencies

Types of Foreign Exchange Services offered

• Value same day: This helps you to purchase or sell foreign currency at today’s price to meet your immediate needs.
• Forward Foreign Exchange Contracts: This provides you an exchange rate today for goods or services you plan to use in the future. It allows you to fix a price in advance. With this comes flexibility because the contract can be extended, pre-delivered or cancelled whenever you wish.
• Subject to bank credit assessment:  Forward Exchange Contracts mean you may not need to make payment, till the future date you requested for delivery of the foreign currency.
• Meanwhile, your foreign exchange rate is fixed.

Timing and Trust

• ANZ Royal Bank is part of the ANZ Banking Group global network, giving you confidence that ANZ Royal Bank in Cambodia has the know-how to ensure your foreign exchange payments and receipts will not be delayed and will always reach the beneficiary.

Foreign Currency Accounts

• This allows you to reduce reliance on USD by holding some part of your savings / funds in another major currency if this is suitable for you. Foreign Exchange is the key which provides you the opportunity to hold a Foreign Currency Account.

If you are an Importer

• You can plan future payments and request to be invoiced in both USD and the counterpart’s home currency. This has the potential to provide you possible savings which reliance entirely on U.S. Dollars may not.  Our services can provide you a pre-determined cost for imported goods - importantly without using up your valuable cash, where payments are needed to be made by you at a future date.

If you are an Exporter

• We offer the opportunity to diversify away from USD in part or whole and lock in savings, where exchange rates are attractive.
• ANZ Royal Bank through our regional and global network is well-placed to offer both individuals and business Foreign Exchange choices and solutions which create value for you.