UOB Yangon branch offers foreign exchange transaction to meet your hedging needs and funding requirements such as payment/ receipt of remittances, fund transfer, capital injection, trades and loans.
A FX contract executes on trade date and settlement will happen two business days after trade date (value Spot). Market quotation for FX Spot is called Spot rate.
A FX Forward contract executes on trade date and settlement will happen more than two business days after trade date (forward value date). If you need to hedge your currency risk for a longer period, forward currency transactions can be arranged in advance.
We are also offering foreign exchange transaction for your urgent needs and funding requirement in value same day and value on next business day.*
*Foreign Exchange Rate must be confirmed and contracted within the cut off time stated by bank. Sufficient balance in account is required to execute the transaction.