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Under the currently used interest rate managed float system, exchange rates are constantly shifting as a result of various multi lateral factors such as the economy, the political climate, as well as technical factors, As a result, importers and exporters are inevitably drawn into the exchange rate fluctuation. Those risks could turn out to be profit - making, but failure to observe risk management concerning exchange rates could cause the business to suffer serve monetary loss. In order to turn your risk management into an easy task, we have assigned quality staff at your disposal, ready to assist you with information and updates as well as being on stand by to give you advice, so that you are aware of major trends and fluctuation tendencies in the world monetary and funds markets, We also offer foreign currency exchange service as well as numerous forms of risk management.
Further Welcome At:
All Bay branches
Call Center 1572
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Foreign Currency Purchase/Sale |
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We buy/sell foreign currencies according to the following schedule:
Same Day Transactions - instant transaction, valid within the day
Tomorrow Transaction - valid within 1 working day after transaction date.
Spot Transaction - valid within 2 working days after transaction date.
Our foreign currency exchange service also covers the following transactions:
- For exporters desiring to sell export bills
- For importers desiring to settle import bills or L/Cs
- Inward Remittance Fund- Sell and convert to THB
- Outward Remittance Fund - Remitting Fund in foreign currencies to overseas.
BAY focuses on delivering swift services that are aligned with shifting exchange rates, indexed on world market figures, so that our customers are ensured proper exchange rates, even though unstable environments are constantly affecting money value.
Further Inquiries Information Welcome At:
All BAY branches
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We offer hedging instruments services, so that businesses can apply Hedging from fluctuation of exchange/interest rates. Each service is specific so as to match each client's needs for fund management related to exchange/interest rates which is therefore carried out accordingly. Our services include:
FORWARD
- A foreign currency transaction performed in advance - from one currency to another
- Delivery with pre-determined balance, time-frame and exchange rate.
- For exporters earning revenue in a foreign currency and possessing merchandise capital in THB, a Forward transaction will enable conversion of revenue into THB; revenue will therefore be accurate so as to facilitate comparison with merchandise capital (valued in THB) as well as products pricing.
- For importers possessing merchandise capital from import, having to deal with exchange rates fluctuation - exact capital therefore not determinable
- A Forward transaction will facilitate merchandise capital appraisal in THB for further processing.
SWAP
- Cash-flow exchange transaction (Inflow/Outflow) that will occur afterwards, from one currency to another.
- Equal balance delivered, according to pre-determined time-frame and exchange rate.
- For foreign currency borrower, a Swap transaction facilitates conversion of foreign currency loans into another currency, e. g. THB, in order to settle loans payment(s) in
THB within the country. Meanwhile, a Swap transaction will initiate a foreign currency purchase in advance, so as to repay foreign currency loans upon reaching maturity date.
- Benefits - Closing risks incurred from exchange rates, while interest capital is accurately computable in THB.
- A Swap transaction can be used as an alternative to access loan from local/overseas sources - whichever produces the less interest capital.
INTEREST RATE SWAP
- A transaction concerning loan interest rate for hedging , so as to direct the interest rate in the desired direction to match market status and interest rates trends
- Reduced risks incurring form interest rate fluctuation
- Shift from a fixed interest rate to float interest rate, or vice-versa, as convenient
- Benefits: clients are able to closing their risks incurred from future interest rates.
OPTION
- A transaction dealing with the right to purchase sale a foreign currency in the future, with the pre-determined balance, time-frame and exchange rate being agreed in advance.
- Buyer has the right for whether or not to exercise his/her option deal.
Benefits - Reduced risks from shifting exchange rates, while the investment high returns.
Further Information Welcome At:
All BAY branches
Call Center 1572
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Further Inquiries Information Welcome At:
All BAY branches
Call Center 1572
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Business clients are invited to browse exchange rates (purchase/sale) through the Internet at www.krungsri.com
Purchase/Sale can be directly performed at branches and Information Business Center.
Business clients wishing to contact to our staff are invited to directly consult our Treasury Advisory Services Group, Treasury Department, at 02-296-4361-70
Further Inquiries Information Welcome At:
All BAY branches
Call Center 1572
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A world – class credit card that give you freedom in spending whether in Thailand or in any country around the world
Q: I would like to get the bank’s foreign exchange rates. Which channel can I contact the Bank?
A: you can get the foreign exchange rates through the internet at www.krungsri.com
Q: Is the exchange rate posted on the web site actually applicable at branches?
A: The exchange rate that appears on the website is just a indicative rate at the given moment for your information (at the requested day and time) as exchange rates are always moving, please contact the bank for the actual applicable rate.
Q: How do I fix an exchange rate in advance?
A: Contact our credit officer at the branch to consider the forward line limit in order to fix forward rate. Upon being granted authorization and completion of legal agreement, the client is entitled to do the forward contract.
Q: I do not wish to transfer fund today, but I wish to retain today’s exchange rate for tomorrow would that be possible?
A: This Service is available if you already have a Forward line limit us with bank.
Q: I would like to browse previous exchange rate - which entity do I contact?
A: You can browse our previous exchange rate database at the bank’s website www.krungsri.com
Q: I wish to transfer fund overseas. Which column can I consider on the bank’s information board?
A: As a transfer is a purchase of foreign currency by the client, the bank being the seller, please look for exchange rates in the sell column on the bank’s information board as posted on the website www.krungsri.com
Q: I have an Inward transfer fund from overseas. How do in get the initial exchange rate?
A: You can check the initial exchange rate we prepose on the bank’s information board at www.krungsri.com, Buy T/T Column
Bank of Ayudhya PLC (all branches)
Call Center 1572
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1222 Rama III Road, Bang Phongphang, Yan Nawa, Bangkok 10120 Thailand
Telephone: (662) 296-2000 press 1572, Email : webmaster@krungsri.com |
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