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Nedbank Self Service Portal

Why Foreign Exchange?

What is Foreign Exchange?

Foreign exchange is the conversion of one currency to another at an agreed exchange rate and on an agreed date. The abbreviation ‘FX’ or shortened form 'forex' is generally used instead of ‘foreign exchange.’

Our Foreign Exchange team provides the practical solutions and discerning advice our clients need to provide uncomplicated trading in the currency market.

Our offering consists of the following:

  • A full trading capability in most currencies and the ability to offer settlement in most African currencies.
  • Nedbank is a pricemaker in South Africa's currency, the rand.
  • Innovative strategies and efficient trade execution for any business and/or individuals.
  • Trading through numerous online solutions such as NedTreasury, Bloomberg and 360T.
  • A one-bank experience across 39 African countries through our alliance with Ecobank Transnational Incorporated, which offers:
    • country-specific, tailored banking solutions across Africa; and
    • trade and settlement capability in many African currencies.


What are the features of Foreign Exchange?

Services for forex include:

  • Risk management information and advice on FX.
  • FX hedging solutions.
  • Market information.
  • Daily, weekly and monthly publications.
  • Daily SMS on market rates.
  • Relationship management.
  • Regular contact in accordance with your requirements.
  • Monitoring of currency call levels.
  • 24-hour monitoring of currency orders and stop losses.


How can Foreign Exchange benefit your business?

We are committed to shielding our clients from financial risks by creating customised hedging solutions. With a longstanding record of excellence, competitive rates and established relationships in all relevant sectors, Nedbank offers clients the solutions they need to effectively manage their risk.

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