Forex Rates

/Forex Rates
Forex Rates 2018-05-28T10:03:44+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.

Wednesday, 20th June 2018

Spot BuySpot SellCurrrencyCodeTT BuyTT SellMid RateCash BuyCash Sell
1.31651.3167PoundGBP942.6040970.8821956.7430947.3720989.8143
US DOLLARUSD713.4951734.9000724.1976720.6301743.7000
13.648913.6608RandZAR52.834654.155553.495051.633054.3179
1.15761.1578EuroEUR827.8416852.6769840.2593832.3944874.8465
0.09560.0965Botswana PulaBWP68.542970.256469.399767.580070.9590
68.045068.0550Indian RupeeINR10.610510.875810.7432
0.74060.7407Australian DollarAUD530.9921544.2669537.6295
110.2100110.2200Japanese YenJPY6.65526.82156.7384
8.18048.1854Norwegian KronerNOK87.645589.836788.7411

Charges on Forex transactions

  COMMISSION TELEX/CABLE POSTAGE REVENUE STAMP E/C CHARGE
Sell Foreign Cash
Purchase Foreign Cash
Sell Cash Passport 1% Min K5,000/-
Card Fee on issue (one off) USD12
Purchase Cash Passport

1% Min K3,000 Max

K30,000

Demand Drafts

1% Min K5,000/- Max

K20,000/-

K2,500/- K0.03

K3,500/-

(If required)

Telephonic Transfers

1% Min K5,000/- Max

K20,000

K13,500/- Flat K2,500/-

K3,500/-

(If required)

EC Approval K15,000/- (RBM)

Important Notes

  1. Certain currencies are difficult to trade and the bank does not undertake to trade all the listed currencies
  2. Rates are indicative only and are subject to change anytime during the day. For firm quotes contact Mr. Thomas Kadantot on 01 820 253/0888 827 228, Mr. Dave Mwenechanya on 01 824 994/0888 352 111, Ms Mwawi Nyasulu on 0888 209 611 or Mc Donald Drennon on 0999 869 839 or Forex Dealers on 01 824 994  FAX 01 821 978.

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