Treasury/Foreign Exchange

The sharp current rates that the Bank uses are determined by supply and demand on the domestic and international foreign exchange market, taking into account the applicable regulations for local banks.

At the Hakrinbank, there is no minimum conversion amount that is used when exchanging foreign exchange. Any desired amount can be exchanged.

Purchasing or selling foreign exchange does not entail any additional costs.

The exchange rates set by the CBoS serve as a guideline for the commercial banks, and currency exchange offices for determining the exchange rates. The actual exchange rates at which transactions take place are determined by the foreign exchange market itself.