Forward exchange cover
This is a hedging instrument that is used to control foreign exchange rate fluctuations that would otherwise affect you going forward.
What does it offer me?
- You are able to secure foreign exchange rate today that will be applicable over a period of two or more days.
- It saves losses that arise as a result of exchange fluctuations
- It helps you to plan your cash flows as it determines exactly how much you would need to continue with your projects.
What do I need to apply?
- Account with Standard Lesotho Bank
- Financial statements