Twin Currency Deposit

Earn potentially higher interest than normal deposit account

Twin Currency Deposit is a structured investment product that is linked to a pair of currencies. The tenors can range from one week to one month. All you need is a minimum deposit of BND25,000 to start.

This is suitable for you if:

  • You are comfortable in receiving the principal amount in either the Base Currency or Alternate Currency.
  • You have the need to hold the principal amount (only) from either the Base Currency or the Alternate Currency. 
  • You have a view on exchange rate movements and are willing to accept exchange rate risk in respect of the principal, in return for the possibility of earning a higher interest rate as compared to traditional time deposit. 
  • You are comfortable with the investment tenor and will not withdraw from this investment prior to its Maturity Date.

Key Features

A step by step guide on how it works

Step 1

  • Choose a pair of currencies: Australian Dollar (AUD), Euro (EUR), Pound Sterling (GBP) or New Zealand Dollar (NZD). 
  • One will be the Base Currency in which your deposit will be denominated, the other your Alternate Currency.

Step 2

  • Decide on your deposit amount this will be your principal. 
  • The standard tenor for deposit below BND100,000 is one month. 
  • Option of 1 to 2 weeks tenor is available for deposit of BND100,000 and above.

Step 3

  • Choose the pre-agreed interbank rate or strike rate between the two currencies based on your views on foreign exchange movements. 
  • The interbank rate for the base currency will also be fixed.  

Step 4

  • Receive your principal plus yield in the Base or Alternate currency depending on whether the pre-agreed interbank rate or strike rate is reached on the fixing date i.e. two business days before maturity and the interbank rate for the base currency will also be fixed.
  • The pre-agreed interbank rate will apply should your principal and yield be converted into the Alternate Currency.  

Principal Amount/ Base Currency

Alternate Currency

Interest Rate


Pre-Agreed Exchange Rate/Strike Price

BND 100,000

2 business days before maturity
Scenario 1
BND/GBP = 1.800 
BND weaken against GBP

Scenario 2
BND/GBP = 1.7800 BND strengthens against AUD
Payout Currency on maturity date
At maturity, you will receive your principal and interest in BND.
6.00% p.a.
Two Weeks
At maturity, you will receive your principal and interest in GBP converted at the agreed rate.
Principal + Interest received upon maturity
Principal BND 100,000


Total Principal plus interest in base currency BND100,230

Principal BND 100,000


Total Return of
BND 100,230

Total Principal plus interest in alternate currency
BND 100,230/1.7918
=GBP 55,938

*All rates and figures that appear here are for illustrative purposes only.

  • Eligibility Criteria
  • Required Documents
  • Fees & Charges
  • Terms & Conditions
  • Other Information
  • Eligibility Criteria

    Eligibility Criteria

    • 21 years and above
    • Baiduri Bank account holder
    • Minimum deposit of BND25,000 (only for 1 month tenor)
    • Minimum deposit of BND100,000 (for 1 week/2 weeks/1 month tenor)
    • Subject to risk profiling and client suitability profiling

  • Required Documents

    Required Documents

    Valid identity card or passport.

  • Fees & Charges

    Fees & Charges

    No subscription fee.

  • Terms & Conditions

    Terms & Conditions

    Generic Risk Disclosure statement for Twin Currency Deposit (TCD) and Term & Conditions will be provided upon subscription.

  • Other Information

    Other Information

    The principal and yield and payable in either the:

    • Base Currency or
    • Alternate Currency

    You may be subject to risks associated with interbank rate fluctuations and interbank rate controls.

    Should you receive the principal and yield in the Alternate Currency and wish to immediately convert your proceeds back to your Base Currency at the prevailing interbank rate, the amount you receive may be less than the original deposit amount.

    This product is intended to be held to maturity.

    Partial withdrawal of the principal is strictly not allowed for this product.

    You should carefully consider whether this product is suitable for you in light of your investment goals, financial needs and risk profile.

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