YOU ARE IN PERSONAL BANKING
Baiduri Twin Currency Deposit is a foreign exchange linked deposit that can meet your foreign currency needs while offering the potential for greater interest than a traditional fixed deposit.
Whether you frequently travel for business, have children studying abroad, or are simply interested in diversifying your investments with foreign currency, Baiduri Twin Currency Deposit may be the perfect solution for you.
To start investing, you will need to determine your second currency you wish to hold and must agree to terms including investment amount, currencies involved, maturity, and strike price.
Interest is earned in the originating currency, but the principal has the possibility of payment in the second currency, set the exchange rate, your deposit amount and your preferred deposit tenor.
Upon fixing date, if the prevailing exchange rate for the base currency matches or is higher than your pre-agreed rate, you will receive your initial deposit plus interest in your base currency.
If the prevailing exchange rate for the base currency is lower than your pre-agreed exchange rate, you will receive your initial deposit plus interest in your alternate currency at your pre-agreed rate.
A risk profile assessment will be conducted first to see your suitability for the product
A step by step guide on how it works:
Step 1
Principal Amount/ Base Currency
Alternate Currency
Tenor
Pre-Agreed Exchange Rate/Strike Price
*All rates and figures that appear here are for illustrative purposes only.
No subscription fee.
GET IN TOUCH WITH US
Contact our customer support team if you have any further questions. We are here to help you.