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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 15,94698 16,83202 16,27400
BGN Bulgaria 1 12,26522 12,94593 12,60600 -2.73553% +2.66257%
CAD Canada 1 17,48695 18,45745 17,98000
DKK Denmark 1 3,22437 3,40333 3,31400 -2.71711% +2.68231%
EUR EMU 1 23,99077 25,32223 24,66000 -2.72558% +2.67303%
GBP Great Britain & Northern... 1 28,15716 29,71984 28,75900
HRK Croatia 1 3,18599 3,36281 3,27400 -2.74604% +2.65148%
HUF Hungary 100 6,25700 6,60500 6,43300 -2.74915% +2.65972%
CHF Switzerland 1 23,30675 24,60025 23,86800 -2.34272% +3.07715%
JPY Japan 100 17,65200 18,63300 18,07700
NOK Norway 1 2,34074 2,47066 2,39600 -2.34808% +3.07198%
PLN Poland 1 5,22102 5,51078 5,35900 -2.58873% +2.81748%
RON Romania 1 4,85468 5,12412 4,98700 -2.67011% +2.73180%
SEK Sweden 1 2,28402 2,41078 2,34800 -2.74825% +2.64909%
USD United States (the) 1 22,43056 23,67544 23,00400
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Exchange Rates

BuySell
EUR23,9907725,32223
USD22,4305623,67544
GBP28,1571629,71984
CHF23,3067524,60025
PLN5,221025,51078

Full details here


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