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Covering Foreign Exchange Risk in HTG - Haitian Gourde

Drapeau Covering Foreign Exchange Risk in HTG - Haitian Gourde

Foreign Exchange Risk Coverage on the Haitian Gourde (HTG) with Mondial Change

Mondial Change allows you to cover your foreign exchange risk on the Haitian Gourde (HTG). Currently, foreign exchange risk coverage on the Haitian Gourde 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. On 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 cover your foreign exchange risk without any cash flow being transferred in the non-convertible currency. You can schedule a meeting with our trading desk. An expert market advisor will assist you in setting up your foreign exchange hedges on the Haitian Gourde (HTG).

To obtain accurate quotes on your Haitian Gourde (HTG) hedges, we invite you to contact our trading desk.

Mondial Change answers all your questions about foreign exchange risk coverage for your operations in Haitian Gourde (HTG)

Are there minimum or maximum amounts to set up hedges in Haitian Gourde (HTG)?

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

What is the maximum possible maturity for hedges in Haitian Gourde (HTG)?

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

What are the setup fees for foreign exchange risk hedges in Haitian Gourde (HTG)?

All fees related to setting up hedges in Haitian Gourde (HTG) are included in the exchange rate communicated to you before validating your transaction. The hedge is taken by phone with a trading desk operator. No fees are applied to the use of your hedges.

Is a security deposit required to take a hedge in Haitian Gourde (HTG)?

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 Haitian Gourde (HTG) hedging contracts if the EUR/HTG rate (or any other pair on which you have validated a hedge) deteriorates beyond the variation margin or beyond your OTM. In such cases, you must deposit funds as collateral to keep your Haitian Gourde (HTG) 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 Haitian Gourde (HTG)?

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

YOUR HEDGING NEED IN HTG
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