⇽ Currencies list

Hedging Foreign Exchange Risk in MKD - Macedonian Denar

Drapeau Hedging Foreign Exchange Risk in MKD - Macedonian Denar

Foreign Exchange Risk Hedging on the Macedonian Denar (MKD) with Mondial Change

Mondial Change allows you to hedge your foreign exchange risk on the Macedonian Denar (MKD). Currently, foreign exchange risk hedging on the Macedonian Denar can only be achieved through NDF (non-deliverable forwards) contracts. The NDF is a hedging instrument used to cover your foreign exchange risk on partially or non-convertible currencies. At the contract's expiration date, the rate at which the contract was concluded is compared with the fixing rate. The latter is official and published daily by the Central Bank of the concerned country. The NDF price represents the probability of a revaluation (or devaluation) of the currency. Therefore, the NDF price will not be linked to the interest rate differential between the two currencies involved. The NDF thus allows you to hedge your foreign exchange risk without any cash flow being exchanged in the non-convertible currency. You can schedule a meeting with our trading room. A market expert advisor will assist you in setting up your foreign exchange hedges on the Macedonian Denar (MKD).

To obtain accurate quotes on your Macedonian Denar (MKD) hedges, we invite you to contact our trading room.

Mondial Change Answers All Your Questions on Foreign Exchange Risk Hedging for Your Macedonian Denar (MKD) Operations

Are there minimum or maximum amounts for setting up hedges in Macedonian Denar (MKD)?

The maximum amount of hedges in Macedonian Denar (MKD) you can validate primarily depends on the size of the forward exchange line granted to you. The line conditions granted depend on the review of your financial statements. As for minimum sizes, we generally do not take hedges for amounts less than 10,000 EUR (or equivalent in other currencies).

What is the maximum possible maturity for hedges in Macedonian Denar (MKD)?

Generally, we do not offer hedges in Macedonian Denar (MKD) for maturities exceeding 24 months, but this can be considered on a case-by-case basis. Please contact our trading room for a personalized assessment of your needs.

What are the setup fees for hedges against foreign exchange risk in Macedonian Denar (MKD)?

All fees related to setting up hedges in Macedonian Denar (MKD) are included in the exchange rate communicated to you before the validation of your operation. The hedging is done by phone with a trading room operator. No fees are applied to the use of your hedges.

Is a security deposit required to take a hedge in Macedonian Denar (MKD)?

Again, this depends on the conditions of your forward exchange line. Thanks to its network of partners, Mondial Change generally manages to obtain forward exchange lines without an initial security deposit. Depending on your line conditions, margin calls may be triggered on your Macedonian Denar (MKD) hedging contracts if the EUR/MKD rate (or any other pair on which you have validated a hedge) deteriorates beyond the variation margin or beyond your OTM. In this case, you must deposit funds as collateral to keep your Macedonian Denar (MKD) contracts open. Based on the review of your financial statements, lines without margin calls can sometimes be granted.

Are there carry points or discount points on forward contracts in Macedonian Denar (MKD)?

It all depends on whether you are a buyer or seller of Macedonian Denar (MKD) and against which currency you are trading the Macedonian Denar. For example, against the euro: If you are a buyer of Macedonian Denar (MKD) against the EUR, then there are report points because the interest rate of the Macedonian Denar (MKD) is supérieur to that of the EUR. Conversely, if you are a seller of Macedonian Denar (MKD) against the EUR, then there are déport points.

YOUR HEDGING NEED IN MKD
Ellipse
Ellipse