• Dual Currency Deposits (DCDs) – Combine traditional deposits with dual currency options for higher potential returns.

• Foreign Exchange Forwards (FX Forwards) – Lock in exchange rates for future transactions to mitigate currency risk.

• Par Forwards – Fix a series of exchange rates for multiple settlements over a specified term, ensuring stability.

• Foreign Exchange Options (FX Options) – Gain the right (but not the obligation) to exchange currency at a predetermined rate, allowing for hedging flexibility.

• Expert Forex Advisory Services – Access professional insights from DFCC’s treasury team to optimise forex transactions.

• Real-Time Competitive Exchange Rates – Stay updated with market-driven rates for all major global currencies.

• Efficient Transaction Execution – Seamless processing of forex transactions to ensure timely settlements.

Dual Currency Deposits (DCDs)

Dual Currency Deposits combine a traditional deposit with a currency option, offering potential for higher returns. These are ideal for investors seeking enhanced yields while accepting currency risk.

Foreign Exchange Forwards (FX Forwards)

FX forwards are contracts to buy or sell foreign currency at a predetermined exchange rate for a future date. These contracts help businesses and individuals manage foreign exchange volatility effectively.

Par Forwards

Designed for businesses with regular foreign currency transactions, par forwards allow multiple settlements over a defined period at fixed rates, offering certainty and cost predictability.

Foreign Exchange Options (FX Options)

FX options provide the flexibility to hedge against adverse currency movements while retaining the potential to benefit from favourable rate changes.

Why Choose DFCC Bank for Forex Services?

• Customised forex solutions tailored to business and individual needs.

• Competitive exchange rates that reflect real-time market movements.

• Reliable forex advisory services from experienced professionals.

• Secure and seamless transactions with efficient processing and execution.

For personalised investment advice and the latest market rates, contact DFCC Bank’s Treasury Department:

Call: 0762637487 / 0762621301

Or reach out to our expert dealers:

• International Remittances

• Foreign Currency Accounts

• Offshore Banking Services

1. What is foreign exchange?
Foreign exchange (Forex or FX) involves trading one currency for another for purposes such as commerce, investment, travel, or international payments.

2. What foreign exchange services does DFCC Bank provide?

• Currency exchange for individuals and businesses.

• Foreign currency-denominated savings and fixed deposit accounts.

• Buying and selling foreign currency for remittances (inward and outward).

• Forex hedging solutions for businesses managing currency risk.

3. Where can I exchange currency at DFCC Bank?
Currency exchange services are available at all DFCC Bank branches handling foreign exchange. Please bring a valid ID, travel tickets, or supporting documentation as required.

4. Are there limits on foreign currency transactions?
Yes, limits are set by the Central Bank of Sri Lanka and vary depending on the purpose (e.g., travel, education, business transactions). Visit a DFCC branch or all us 24/7 on for details.

5. Does DFCC Bank offer competitive forex rates?
Yes, DFCC Bank offers market-driven exchange rates that are updated multiple times daily to remain competitive.

6. What is the difference between the buying rate and the selling rate?

• Buying Rate: The rate at which the bank buys foreign currency from customers.

• Selling Rate: The rate at which the bank sells foreign currency to customers.

7. Can I transfer funds internationally through DFCC Bank?
Yes, DFCC Bank facilitates outward remittances for education, medical expenses, migration, business payments, and personal transfers.

8. How long does it take for an international transfer to be processed?
Processing times vary depending on the currency, receiving country, and transfer method but typically range from 1 to 3 business days.

9. What is the difference between spot and forward FX rates?

• Spot Rates apply to immediate currency exchanges.

• Forward Rates apply to transactions scheduled for a future date.

10. Can businesses hedge against forex risks with DFCC Bank?
Yes, DFCC Bank offers forex risk management solutions, including forward contracts and currency options, to mitigate exposure to currency fluctuations.

11. Can individuals and businesses open foreign currency accounts?
Yes, DFCC Bank provides foreign currency savings and current accounts in USD, GBP, EUR, and other major currencies for individuals and businesses.

12. What is the maximum amount of foreign currency I can take when travelling abroad?
Limits are subject to Central Bank regulations. Currently, up to USD 5,000 per person is permitted.