NDF's

A Non-Deliverable Forward (NDF) is a forward contract on a 'inconvertible currency' that cannot be settled by physical delivery of the underlying exotic currency.

In an NDF, the parties simply need between the forward exchange rate and the spot rate on value date, and the one party pays the other the difference (usually settled in USD).

Companies operating in emerging market economies with low currency liquidity sometimes use Non-Deliverable Forwards (NDF's) to hedge their foreign exchange risk and related exposures.

Exchange4free offer NDF's in a range of African, Asian and Latin American currencies.

We are able to offer our clients NDF quotes in the following:

Africa

  • Botswana Pula (BWP)
  • Kenyan Shilling (KES)
  • Egyptian Pound (EGP)
  • Zambian Kwacha (ZMK)
  • Ghanian Cedi (GHS)
  • Nigerian Naira (NGN)
  • Ugandan Shilling (UGX)
  • Tanzanian Shilling (TZN)
  • Malawian Kwacha (MWK)

Asia

  • Chinese Yuan (CNY)
  • Russian Ruble (RUB)
  • Indian Rupee (INR)
  • Indonesian Rupiah (IDR)
  • Korean Won (KRW)
  • Philippine Peso (PHP)
  • Taiwan Dollar (TWD)

Latin America

  • Argentine Peso (ARS)
  • Brazilian Real (BRL)
  • Chilean Peso (CLP)
  • Columbian Peso (COP)
  • Peruvian Nuevo Sol (PEN)