The contract's exchange rate is fixed for a specific date in the future, giving you the benefit of knowing exactly what the income or costs will be from the transaction. This enables your business to plan and budget for future import or export projects. Forward exchange rates are available for up to twelve months, while more extended periods can be arranged.
Forward Exchange Contracts are subject to the following:
Credit line with Bank Windhoek.
A firm and decisive underlying foreign exchange commitment due to or payable by a non-resident.
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