Foreign Exchange

KBC Bank Ireland offers a range of foreign exchange services through its Corporate Treasury division.

Spot & Forward Exchange

A spot contract is a binding contract to buy or sell an amount of foreign currency at the current market rate, for settlement in two business days' time.

We can also provide a same day foreign exchange service.

A forward exchange contract (or forward contract) is a binding obligation to buy or sell a certain amount of foreign currency at a pre-agreed rate of exchange, on a certain future date.

KBC will cease all its FX activities with effect from 31st July. We remain open to accepting FX transactions up to the closure date on condition that the maturity date of the contract is no greater than 31st July 2022. Customers do not need to take any action as a result of this announcement, however, should you continue to require foreign exchange services, you will need to source a new provider.