Foreign Exchange

Spot Transactions
A means by which your credit union is able to convert foreign currency holdings into Canadian dollars and/or Canadian dollars to foreign currency.

Forward Transactions
Provides protection against future unfavorable exchange rate movements by locking in or fixing the exchange rate today, and taking delivery or receiving the funds in the future.

Currency Orders
Credit unions can place orders to buy or sell a specific currency at a specified price for a specified period or until cancelled by the credit union.