Foreign Exchange
Daily Exchange Rates
Daily Market Insights
- Get well researched daily forex and money market briefs delivered on email.
Foreign Exchange Spot:
- It involves the exchange of two currencies for immediate delivery.
Foreign Currency Forwards:
- It involves exchange of two currencies for future delivery.
Foreign Currency Swaps
- Borrowing in one currency vs. lending in another currency for a specific tenor.
Correspondent Banking
- The Financial Institutions (FI) desk is responsible for relationships with banking institutions in Kenya and abroad.
Our Email address is dealers@co-opbank.co.ke
Our treasury lines are: 0711049429/10/08/25/18/28/34/35
FOREIGN EXCHANGE TERMS AND CONDITIONS
Corresponding Banking
Are you a bank looking for a correspondent bank in Kenya with the right expertise?
The Co-operative Bank of Kenya has an experienced Correspondent Banking team with in-depth knowledge of international banking products and practices to meet your business requirements.
We believe in the strength of building lasting relationships for mutual benefit.
Our Correspondent Banking department offers a range of services to our correspondent banks including:
- Trade Finance
- Documentary Letters of Credit
- Local and Foreign Guarantees
- Documentary Collections
- Irrevocable Reimbursement Undertaking
- Risk Participation
- Cash Management
- KES Nostro Accounts
- KES Collection Services
- Payment Services – The Co-operative Bank of Kenya Swift Code: KCOOKENA
- Treasury
- Money Market and Fixed Income
- Foreign Exchange Spot, Swaps and Forwards
- Our Correspondent Banks
- Contact our Correspondent Banking team on email through : FIdesk@co-opbank.co.ke or call +254 20 3276344 / +254 20 3276417
CURRENCY | BANK | SWIFT/BIC | ACCOUNT NO |
AED | MASHREQBANK PSC, DUBAI CITY | BOMLAEAD | IBAN: AE850330000019030000079 |
AUD | STANDARD CHARTERED BANK, LONDON | SCBLGB2L | 01269827792; IBAN: GB94SCBL60910412698277 |
CAD | BANK OF MONTREAL, MONTRÉAL | BOFMCAM2 | 3144-1039-201 |
CHF | CREDIT SUISSE AG, ZÜRICH | CRESCHZZ80A | 0835-0578005-73-010 |
CNY | BANK OF CHINA LIMITED, SHANGHAI | BKCHCNBJS00 | 778410024252 |
DKK | DANSKE BANK A/S, COPENHAGEN | DABADKKK | 3007506309 |
EUR | CITIBANK NA, LONDON | CITIGB2L | 0014049985 ; IBAN: GB97CITI18500814049985 |
EUR | DEUTSCHE BANK AG, FRANKFURT AM MAIN | DEUTDEFF | 954258000 |
EUR | STANDARD CHARTERED, FRANKFURT | SCBLDEFX | 018131904 |
GBP | CITIBANK NA, LONDON | CITIGB2L | 0014049993 ; IBAN: GB75CITI18500814049993 |
GBP | STANDARD CHARTERED BANK, LONDON | SCBLGB2L | 01268767401 |
INR | ICICI BANK LIMITED, MUMBAI | ICICINBB | 000405075514 |
JPY | STANDARD CHARTERED BANK, TOKYO | SCBLJPJT | 234366511100 |
KES | CENTRAL BANK OF KENYA, NAIROBI | CBKEKENX | 02-010-0500 |
| NOK | DANSKE BANK | DABAN022 | 86018305072 |
| SEK | DANSKE BANK | DABASESX | 12460105797 |
UGX | STANBIC BANK UGANDA LIMITED, KAMPALA | SBICUGKX | 9030000080895 |
USD | CITIBANK NA, NEW YORK | CITIUS33 | 36331661 |
USD | DEUTSCHE BANK TRUST COMPANY AMERICAS, NEW YORK | BKTRUS33 | 04440660 |
USD | STANDARD CHARTERED BANK, NEW YORK | SCBLUS33 | 3582021651001 |
ZAR | FIRSTRAND BANK LIMITED | FIRNZAJJ | 9022090 |
Purchase & Sale of Foreign Currency
We buy and sell foreign currency from all our branches countrywide. All major world currencies are available. For amounts above USD 1,000 and its equivalent, we offer preferential rates directly from our Treasury Department.
Benefits
- No commissions charged for currency exchange
- Transactions cover cash over the counter, spot deals, forward contracts, SWAPs and other hedging products to cover your forex risks
- Negotiated rates are real-time and competitive
- Flat fee for outgoing SWIFT transfers irrespective of the amount
Foreign Currency Account
This is a bank account that enables our customers to maintain value in foreign currency giving them flexibility to convert to Kenya shillings when the market is in their favor.
Benefits:
- Accounts opened for major currencies including USD, GBP and Euro
- One can open either a savings or current account
- Very competitive charges
Foreign Draft
Do you need to make an overseas payment in a foreign currency? We enable you to make overseas payments easily by issuing you with banker’s cheques in foreign currency.
