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Foreign Exchange

Once you decide to trade securities on a stock exchange using a different currency than the one you have on your trading account, for settlement purposes Fio can exchange these funds for the required currency.

Now more favourable rates for larger amounts

  • Fio provides CZK, USD, EUR, PLN, HUF and GBP 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 risk of a currency loss must be considered when investing in foreign stocks in different currencies and can be avoided by using a Fio currency loan.
  • The ability to convert the exact amount a client needs to make a securities purchase or received from a sale is key.

Principles of Foreign Exchange

When converting requested amount, a client is immediately provided with the requested currency and amount for trading while the original currency is deducted from the client's account.

1. LARGE AMOUNT EXCHANGE BETWEEN 9:00 AM AND 4:30 PM

Clients can take advantage of the current and often better foreign exchange rates between 9:00 AM and 4:30 PM offered on the basis of current developments on the foreign exchange markets at transaction amounts above US $10,000 (or an equivalent in another currency).

Main benefits:

  • More favourable rates

New exchange rates are always up to date and may be much better than previously offered foreign exchange buy and sell rates.

  • Speed and security

Clients will appreciate the speed of the transaction and the elimination of the risk of theft or counterfeit bills which have entered into the foreign exchange stream from another bank's branch, an exchange office or otherwise unlicensed foreign exchange trader.

2. SMALL AMOUNT CONVERSIONS, CONVERSIONS BETWEEN 16:30 PM AND 9:00 AM AND CONVERSIONS FOR SETTLING SECURITIES TRADES

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. Foreign exchange orders can be submitted electronically using the e-Broker application, in person or over the phone.

Service Conditions

Fio banka, a.s. offers foreign exchange services to its clients with a valid Commission Contract exclusively on the basis of foreign exchange orders or orders to trade securities in other currencies without the need to agree on any other contract.
Foreign exchange always uses ČNB exchange rates, which you can find directly in the e-Broker application. The table below shows the current ČNB foreign exchange rates and provides an overview of the development in foreign exchange rates.


All displayed rates are in CZK. For other currency pairs supported by Fio banka, a.s., please use the currency calculator below.

By day:
Exchange rates valid from: ?
Currency Country Amount We buy We sell ČNB rate Against ECB rate - purchase Against ECB rate - sales
AUD Australia 1 16,04793 16,93857 16,49600
BGN Bulgaria 1 12,74923 13,45680 13,09700 -2.65498% +2.74758%
CAD Canada 1 17,36839 18,33231 17,83900
DKK Denmark 1 3,35052 3,53648 3,44300 -2.67475% +2.72698%
EUR EMU 1 24,92728 26,31072 25,61500 -2.68490% +2.71600%
GBP Great Britain & Northern... 1 29,45173 31,08627 30,38800
HRK Croatia 1 3,31350 3,49740 3,40800 -2.81096% +2.58305%
HUF Hungary 100 6,86200 7,24400 7,04800 -2.65155% +2.76773%
CHF Switzerland 1 23,32913 24,62387 23,96200 -2.63977% +2.76362%
JPY Japan 100 18,80800 19,85300 19,28200
NOK Norway 1 2,56872 2,71129 2,63900 -2.66147% +2.74105%
PLN Poland 1 5,41649 5,71711 5,56500 -2.66607% +2.73605%
RON Romania 1 5,03921 5,31889 5,17700 -2.68419% +2.71691%
RUB Russian Federation (the) 100 29,87000 32,03800 30,88400
SEK Sweden 1 2,48956 2,62774 2,55800 -2.66765% +2.73467%
USD United States (the) 1 21,41864 22,60736 22,01200
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Exchange Rates

BuySell
EUR24,9272826,31072
USD21,4186422,60736
GBP29,4517331,08627
CHF23,3291324,62387
PLN5,416495,71711

Full details here


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