Secure a fixed exchange rate to protect your business from market changes.
Reduce the uncertainty of currency fluctuations and maintain financial stability.
Choose contract terms that suit your business.
A Forward Exchange Contract (FEC) lets your business lock in an exchange rate for a future international transaction. This helps protect your business from currency fluctuations, giving you more control over costs and cash flow.
FECs secure today’s exchange rate for a transaction you want to make in the future. This means your business won’t be impacted by currency changes, helping you plan ahead with confidence. For example, if you need to pay an overseas supplier in three months, you can lock in today’s rate and avoid paying more if the currency value changes.
For assistance, contact BSP Customer Service at (+685) 66100 or email BSPSamoa@bsp.com.pg.