An exchange rate or kurs is the value of the currency of one country against the currency of another country.
Kurs can also be called value comparison, thus there will be a value or price compared to other currencies.
Kurs can experience 2 (two) types of changes, namely appreciation or depreciation.
- Appreciation is when there is an increase in the value of a country’s own currency against foreign currencies. This may occur due to high demand and supply in the foreign exchange market.
- Depreciation is the opposite of appreciation, meaning there is a decrease in value of a country’s own currency against foreign currencies. Low demand and supply for the currency will cause depreciation on the country’s exchange rate.
Now you know what kurs is. Then, what is kurs forward?
Kurs Forward
Kurs forward is a product that BCA offers to its customers. The benefit of kurs forward is to protect the currency against its fluctuating value, not eliminate it completely.
What are the benefits of using BCA Kurs Forward?
3 (three) benefits of BCA Kurs Forward
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Provide certainty from the risk of rate fluctuation in the future. Due to
the fluctuating nature of exchange rates, BCA Kurs Forward provides
certainty for uncertain futures.
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Competitive exchange rate. BCA provides a competitive exchange rate
compared to others.
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BCA Kurs Forward also serves various countries in the world.
Those are the benefits you can get from BCA.
What are you waiting for? Start using BCA Kurs Forward now by contacting the nearest BCA branch office.