Mercantile Bank Exchange Rates

Mercantile Bank Exchange Rates

Mercantile Bank is an authorized foreign exchange dealer, offering a range of services for both importers and exporters active in cross-border trade. Our Treasury employs professionals with a wealth of experience, able to advise you astutely and address all of your forex requirements.

Foreign Exchange Contract (FEC)

​Mercantile Bank offers you Forward Exchange Contracts (FECs) to protect your business from unexpected fluctuations in currency prices. An FEC is an agreement between two parties to exchange two designated currencies at a specific time in the future. 
Key Features and Benefits 

Tenure	01 month	03 month	06 month	01 year
Rate	0.09	0.16	0.25	0.40

• Cash Currency Rates

Selling	Currency	Buying
90	USD	88
119.75025	GBP	114.7249
102.2382	EURO	97.2182

Govt. Securities Rates

Security Type	Cutt-Off Rate
91 days BGT Bill	2.78%
182 days BGT Bill	3.08%
364 days BGT Bill	3.05%
02 years BGT Bond	4.13%
05 years BGT Bond	5.75%
10 years BGT Bond	6.80%
15 years BGT Bond	6.44%
20 years BGT Bond	6.50%