Twin Currency Deposit

An innovative investment product that links a pair of currencies and guarantees a higher yield than normal deposits.

Baiduri Twin Currency Deposit is a short-term investment product which takes advantage of two currencies pairing. This offers an opportunity to earn potentially higher returns based on exchange rate movements.

  • Key Features

    • Higher interest rate compared to normal fixed deposit
    • Short tenor ranging from 2 weeks to 1 month 
    • Choice of currency pairs, tenor, strike rate and interest rate based on your investment needs and risk appetite 
    • At maturity, redemption can be in Base Currency or Alternate Currency depending on the currency fluctuation 
    • Non-principal protected
    • Opportunity to buy the Alternate Currency at lower interbank rate

  • Key Benefits

    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

  • Step-by-step Guide

    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 investment amount (principal)
    • The standard tenor for deposit below BND100,000 is one month 
    • Option of 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


    Pre-Agreed Exchange Rate/Strike Price

    BND 100,000
    Two Weeks
    2 business days before maturity
    Scenario 1
    AUD/BND = 1.28
    BND weaken against AUD

    Scenario 2
    AUD/BND = 1.24
    BND strengthens against AUD
    Payout Currency on maturity date
    At maturity, you will receive your principal and interest in BND.

    At maturity, you will receive your principal and interest in AUD converted at the Strike rate.
    Principal + Interest received upon maturity
    Principal BND 100,000

    BND 100,000 x 5.63%p.a. x 14/365 days = BND215.94

    Total Return of BND 100,215.94

    Principal BND 100,000

    BND 100,000 x 5.63%p.a. x 14/365 days = BND215.94

    Total Return of BND 100,215.94/1.26
    =AUD 79,536.46

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

  • Eligibility Criteria
  • Required Documents
  • Fees & Charges
  • Terms & Conditions
  • More Info
  • Eligibility Criteria

    Eligibility Criteria

    • 21 years and above 
    • Baiduri Bank account holder 
    • Minimum deposit of BND50,000 (only for 1 month tenor) 
    • Minimum deposit of BND100,000 (only for 2 weeks tenor) 
    • Subject to risk profiling and client suitability profiling

  • Required Documents

    Required Documents

    Valid IC or Passport.

  • Fees & Charges

    Fees & Charges

    No subscription fee.

  • Terms & Conditions

    Terms & Conditions

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

  • More Info

    More Info

    Important note

    The principal and yield is 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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