Forex Rates

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Forex Rates 2017-02-09T05:40:40+00:00

First Merchant Bank publishes forex rates below. This page is updated before 10 am everyday and is updated immediately if there are any changes on the market.

Friday, 28th July 2017

Spot BuySpot SellCurrrencyCodeTT BuyTT SellMid RateCash BuyCash Sell
1.30821.3086PoundGBP937.3146965.4340951.3743942.0559984.2600
US DOLLARUSD713.4951734.9000724.1976720.6301741.9999
12.997613.0055RandZAR55.520756.908756.214754.280156.9941
1.16951.1696EuroEUR836.3518861.4423848.8970836.3761862.3038
0.09800.0988Botswana PulaBWP70.263672.020271.141969.276672.7404
64.150064.1600Indian RupeeINR11.254811.536211.3955
0.79710.7973Australian DollarAUD571.5013585.7888578.6450
111.0000111.0300Japanese YenJPY6.60786.77306.6904
7.94227.9462Norwegian KronerNOK90.274292.531091.4026

Charges on Forex transactions

COMMISSION TELEX/CABLE POSTAGE REVENUE STAMP E/C CHARGE
Sell Foreign Cash 3.5% Min K3,000/-
Purchase Foreign Cash
Sell Cash Passport 1% Min K2,700
Card Fee on issue (one off) USD10
Purchase Case Passport 1% Min K1,650

Max K16500

Demand Drafts 1% Min K3,000

Max K12000

K1,350/- K0.03 K2,000

(If required)

Telegraphic Transfers 1% Min K3,000

Max K12,000

K8,000/Flat K1,350/- K2,000

(If required)

EC Approval K12,000/- (RBM)

Important Notes

  1. Certain currencies are difficult to trade and the bank does not undertake to be able to trade all listed currencies
  2. Rates are indicative only and are subject to change anytime during the day. For firm quotes contact Ms. Mwawi Nyasulu (Treasury Manager) on 01 824 994/0888 209 611 or Mc Donald Drennon (Assistant Treasury Manager) on 0999 869839 or Forex Dealers on 01 824 994 FAX 01 821 978

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