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Introduction > 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.

All exchange rate in table are against EUR.

To get exchange rates of other currency pairs supported by Fio banka, use currency calculator.

By day:
Exchange rates valid from: ?
Currency Country Amount Buy Sell ECB exchange rate Against ECB rate- purchase Against ECB rate - sales
AUD Australia 1 1,59779 1,50470 1,55230
BGN Bulgaria 1 2,01888 1,90127 1,95580 -2.78812% +3.22528%
CAD Canada 1 1,52249 1,43380 1,46890
CZK Czech Republic (the) 1 26,35180 24,96620 25,68200 -2.78717% +2.60805%
DKK Denmark 1 7,65943 7,21324 7,43610 -2.99700% +3.00332%
GBP Great Britain & Northern... 1 0,89575 0,84356 0,86810
HRK Croatia 1 7,76064 7,30856 7,53450 -2.99874% +3.00139%
HUF Hungary 1 368,24509 346,79391 358,01000 -3.13290% +2.85888%
CHF Switzerland 1 1,12843 1,06269 1,09630 -3.06577% +2.93077%
JPY Japan 1 135,77640 127,86708 131,76000
NOK Norway 1 10,30970 9,70913 10,01250 -3.02991% +2.96829%
PLN Poland 1 4,69297 4,41958 4,57540 -3.40560% +2.56961%
RON Romania 1 5,07377 4,77820 4,92650 -3.01025% +2.98934%
RUB Russian Federation (the) 1 92,86080 86,58035 89,46710
SEK Sweden 1 10,41534 9,80861 10,12630 -3.13728% +2.85435%
USD United States (the) 1 1,25113 1,17824 1,20590
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Exchange list

BuySell
CZK26,3518024,96620
USD1,251131,17824
GBP0,895750,84356
CHF1,128431,06269
PLN4,692974,41958

Full details here


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