Foreign exchange

Khan Bank offers the following terms of foreign exchange.

1. Sales and purchase of foreign currency (cash and non-cash) are made in accordance with the daily Forex rate. Main foreign currency exchanges are:  USD/MNT, CNY/MNT, USD/JPY, EUR/USD and other foreign currency exchanges made with small amounts:  CHF, RUB, AUD, САD, GBP.
2. Khan Bank is flexible in the exchange rate regarding the frequency and amount of the forex.
3. Forex risk is  calculated and market research and projections are  made.
4. Based on the information from international trade information providers Reuters and Bloomberg and other information  resources Khan Bank provides market information and advice to our customers if required.
5. Providing trade market information with regard to the customer request.
6. Assisting the customer, if requested, to make fast trade payments.

Khan Bank offers the following trade services for letter of credit payments for trade finance in order to improve our customers'  money management: 

Swat trade
This trade is completed within 2 business days and 80-90% of the bank trade is made by swat.

Swap trade
This trade is made with a request from the customer under the terms of repurchase, and the advantage of this service is that it protects the customer from rate risk and risks related to the foreign currency when the payment is made. The bank offers this service to the customer with regards to the customer’s banking relationship and fulfillment of contractual obligations.

Forward trade
This is a trade where the future rate is negotiated, and it is made with terms more than 2 business days in advance. It prevents customers from rate risks. The maximum term is 6 months, and the trade is offered to customers, especially corporate customers, with regards to the customer’s history with the Bank and the fulfillment of contractual obligations.