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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 

Tenure01 month03 month06 month01 year
Rate0.090.160.250.40
  • Cash Currency Rates
SellingCurrencyBuying
90USD88
119.75025GBP114.7249
102.2382EURO97.2182

Govt. Securities Rates

Security TypeCutt-Off Rate
91 days BGT Bill2.78%
182 days BGT Bill3.08%
364 days BGT Bill3.05%
02 years BGT Bond4.13%
05 years BGT Bond5.75%
10 years BGT Bond6.80%
15 years BGT Bond6.44%
20 years BGT Bond6.50%
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