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Hedge Foreign Exchange Risk in TMT - Turkmenistani Manat

Foreign Exchange Risk Coverage on Turkmenistani Manat (TMT) with Mondial Change

Mondial Change allows you to hedge your foreign exchange risk on the Turkmenistani Manat (TMT). Currently, foreign exchange risk coverage on the Turkmenistani Manat 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 paid in the non-convertible currency. You can schedule a meeting with our trading room. An expert market advisor will assist you in setting up your foreign exchange hedges on the Turkmenistani Manat (TMT).

To obtain accurate quotes on your Turkmenistani Manat (TMT) hedges, we invite you to contact our trading room.

Mondial Change Answers All Your Questions on Foreign Exchange Risk Coverage for Your Operations in Turkmenistani Manat (TMT)

Are there minimum or maximum amounts to set up hedges in Turkmenistani Manat (TMT)?

The maximum amount of hedges in Turkmenistani Manat (TMT) that you can validate primarily depends on the size of the forward exchange line granted to you. The line conditions granted depend on the analysis of your financial statements. Regarding 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 Turkmenistani Manat (TMT)?

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

What are the setup fees for foreign exchange risk hedges in Turkmenistani Manat (TMT)?

All fees related to setting up hedges in Turkmenistani Manat (TMT) 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 Turkmenistani Manat (TMT)?

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 Turkmenistani Manat (TMT) hedging contracts if the EUR/TMT 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 Turkmenistani Manat (TMT) contracts open. Based on the analysis of your financial statements, lines without margin calls can sometimes be granted.

Are there carry points or discount points on forward contracts in Turkmenistani Manat (TMT)?

It all depends on whether you are a buyer or seller of Turkmenistani Manat (TMT) and against which currency you are trading the Turkmenistani Manat. If we take an example against the euro: If you are a buyer of Turkmenistani Manat (TMT) against the EUR, then there are déport points because the interest rate of the Turkmenistani Manat (TMT) is inférieur to that of the EUR. Conversely, if you are a seller of Turkmenistani Manat (TMT) against the EUR, then there are report points.

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