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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.

CurrencyCountryAmountNákupPredajECB exchange rate
AUD Australia 1 1,502081,42166 1,46610
CAD Canada 1 1,524131,44254 1,48730
CZK Czech Republic (the) 1 27,6117826,43622 27,02500
DKK Denmark 1 7,654667,24491 7,45010
GBP United Kingdom (the) 1 0,885990,83856 0,86413
HRK Croatia 1 7,709927,29722 7,50500
HUF Hungary 1 315,75282298,85120 306,94000
CHF Switzerland 1 1,117981,05813 1,08800
JPY Japan 1 115,52599109,34211 112,52000
NOK Norway 1 9,376098,87419 9,11080
PLN Poland 1 4,401924,16628 4,28870
RUB Russian Federation (the) 1 73,7559369,45946 71,72630
SEK Sweden 1 9,913369,38271 9,62130
USD United States (the) 1 1,151411,08977 1,12200
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CONTACTS

Infoline: +421 2 2085 0411

Email: fio@fio.sk

Exchange list

BuySell
CZK27,6117826,43622
USD1,151411,08977
GBP0,885990,83856
CHF1,117981,05813
PLN4,401924,16628

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