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What is the cut-off time for foreign exchange (FX)trade
What is the cut-off time for foreign exchange (FX)trade
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Written by Maxwell Obi
Updated over 2 months ago
  1. US Dollar (USD): Cut-off time: 4:50 PM WAT

  2. British Pound (GBP): Cut-off time: 3:20 PM WAT

  3. Euro (EUR): Cut-off time: 2:50 PM WAT

  • Important Notes:

    1. For FX conversions between these currencies, the earliest cut-off time applies. For example: When converting GBP to USD, the cut-off time is 3:20PM WAT, as GBP has the earlier deadline.

    2. FX transactions initiated after these cut-off times will settle on the next business day.

    3. Conversions between your local currencies and the currencies stated above are done within standard business hours (West African Time)

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