Currency exchange transactions

Currency trading and foreign exchange risk management solutions

Exchange rates

  • Exchanging currency in internet bank is free of charge
  • Exchanging currency in Bank branches requires presenting a personal identification document
  • Replacement of old and worn-out banknotes

Currency exchange transaction

  • Converting one currency to another according to the exchange rate applicable on the day of transaction
  • Currency exchange is provided in all bank branches or via internet bank
  • When converting an amount exceeding EUR 3,000 or equivalent, special exchange rate may be applied in Bank branches or internet bank

Exchange rates

Forward exchange transaction

  • Agreement between the Bank and the customer to buy or sell a specific amount of currency at a specific time in the future at the exchange rate agreed on the day of transaction
  • Insure against exchange rate fluctuations and plan your finances with ease
  • Forward exchange transactions may be concluded for a period of up to 12 months for at least EUR 10,000 or equivalent thereof

Exchange rates

Foreign exchange swap

  • Foreign exchange swap eliminates the risk of exchange rate fluctuations, because purchase and sale rates are specifically agreed on at the same time
  • The transactions are not subject to any additional fees and may be concluded for a period of up to 12 months for at least EUR 5,000 (or equivalent in another currency)
  • Swaps are beneficial for management and adjustment of current and future cash flows

Exchange rates

Foreign exchange option

  • Foreign exchange options provide the right (not obligation!) to buy or sell certain currency in the future at the rate agreed on the day of transaction
  • The transaction helps to insure against the exchange rate risks and allows earning almost unlimited profits, provided favourable market conditions
  • The buyer pays a certain fee for the option – the premium. It serves as a compensation for the Bank's exposure to risk

Exchange rates

Transactions at the agreed rate

  • Special rates when exchanging more than EUR 3,000 or equivalent. Once the currency exchange rate is agreed on, the transaction cannot be cancelled.
  • To get more information or conclude a transaction, please call +370 5 266 4657 on business days from 8.00 a.m. to 5.00 p.m.
  • The transaction amount and currency exchange rate shall be agreed on and approved during the call (all calls are recorded).
  • The customer must submit the currency exchange transaction at the agreed exchange rate via internet banking by 4.45 p.m. on the same day.

Visit internet bank

Have questions?

Contact us by dialing 19091, +370 5 221 9091 when calling from abroad or send us an email to markets@citadele.lt