Take secure steps in your foreign currency transactions.
With forward transactions, you can securely buy and sell foreign currency in the futures markets.
A Forward contract is a foreign trade contract enabling the sale or purchase of a given foreign currency on a future date at a predetermined exchange rate and parity. For companies that engage in exports or imports, forward contracts prevent or minimize the financial loss that may occur due to the fluctuations or speculations in the foreign exchange rates. With forward contracts, you can secure your receivables and debts in the volatile and risky market environment and have protection against foreign exchange risk.
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