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Fio Bank > Stocks and investment > Other Fio services > Foreign Currency Conversion

Foreign Exchange

Once a client decides to trade securities on a stock exchange using a different currency than the one the client has on his or her trading account, for settlement purposes Fio can exchange these funds for the required currency. Fio also offers a unique service whereby this exchange is completed at the moment the client's buy or sell order is settled for the given security.

  • Fio provides CZK, USD, EUR, PLN and HUF foreign exchange conversions.
  • By investing in a foreign currency, a client can earn returns on the appreciation of a foreign currency in addition to returns on securities investments.
  • The ability to convert the exact amount a client needs to make a securities purchase or received from a sale is key.

Foreign exchange principle

When a client converts a given sum it is immediately made available for the trade in the requested currency and the converted amount is deducted from the original currency in his or her account. If a client is interested in converting an exact amount to settle a trade, the order to buy the security is entered in the amount necessary to settle the trade. The conversion occurs when the securities are actually purchased and on the date the trade is settled (regularly 2 to 3 days after the order is settled depending on the rules for the given stock exchange). When selling securities, the client can enter the currency into which the sold amount will be converted on the settlement date. The client's trading account will be credited with the funds in the requested currency. All conversion orders can be placed in person, over the phone or electronically in the e-Broker application.

Conditions for receiving services

  • Fio receives its foreign exchange rates on a daily basis from ČSOB. Exchange buy and sell rates are used without any additional fees.
  • No other fees are charged for conversion orders.
  • Fio provides foreign exchange conversions for its clients with valid commission contracts on the basis of conversion orders or orders to trade securities in other currencies without the need to agree on any other contract.

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AUD Austrálie 1 1,60953 1,52336 1,56810
CAD Kanada 1 1,59357 1,50826 1,54590
CZK Česká republika 1 26,43764 25,19836 25,79200
DKK Dánsko 1 7,65491 7,24515 7,45260
GBP Spojené království 1 0,90099 0,85275 0,87663
HRK Chorvatsko 1 7,58054 7,17476 7,37880
HUF Maďarsko 1 333,26840 315,42920 324,05000
CHF Švýcarsko 1 1,18377 1,12039 1,15340
JPY Japonsko 1 131,35321 124,32213 128,30000
NOK Norsko 1 9,69064 9,17191 9,43280
PLN Polsko 1 4,43837 4,20079 4,31480
RUB Ruská federace 1 75,50628 71,10784 73,53140
SEK Švédsko 1 10,60914 10,04124 10,29500
USD Spojené státy 1 1,19478 1,13081 1,16480
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Exchange list

CZK26,4376425,19836
USD1,194781,13081
GBP0,900990,85275
CHF1,183771,12039
PLN4,438374,20079

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