Citizens Bank PLC is a skilled provider of Foreign Exchange (FX) treasury services in Bangladesh. We offer a complete range of currency solutions at competitive market pricing. Our Treasury Specialists will take the time to help you evaluate your currency choices. We will assist you to fully understand your FX risk exposures, and put in place a risk management strategy to protect against any potential adverse impact of market movements.

Our products are specifically tailored to your needs to manage your business finances beyond local borders with our foreign exchange solutions. We assist with tracking, advice and timely execution of transactions.

In addition, we understand the importance of efficient settlement time for your business that's why we create easy access to all major tradable currencies and select currencies across the globe.

The following products are usually offered in this market:

• Spot Exchange Contracts: A spot contract is a binding obligation to buy or sell a certain amount of foreign currency at the current market rate, for settlement in two business days’ time.
• Forward Exchange Contracts: Our forward exchange contracts allow you to buy and sell currencies at a fixed exchange rate for a specified time period. It's a straightforward way to protect against adverse fluctuations in exchange rates and guarantee the value of future transactions.
• Foreign Exchange SWAP Contacts: Clients having a foreign currency liability and undertaking a foreign currency vs. BDT swap to move from a foreign currency liability to a BDT liability or vice versa is allowed given AD banks is able to examine the suitability and appropriateness of the swap and be satisfied about the financial soundness of the client. 

Purpose of this is to hedge exchange rate and/or interest rate risk exposure for those having long or short term foreign currency borrowing or to transform long or short term BDT borrowing into foreign currency liability.