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

 


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