Foreign Exchange Services
Save time and money with First Hawaiian Bank’s Foreign Exchange services
International money transfer and foreign banknotes
Send international wire transfers and funds abroad[[#1]], receive foreign currency transfers if you receive payments, and buy sell foreign banknotes with fast and efficient service.
Investments in a foreign country or company
Easily make your foreign payments and convert interest or dividends in a foreign currency to US Dollars. We buy banknotes in Euro, Yen, Canadian and Australian Dollars and other select currencies.
Remittance of funds
Do you send funds overseas to family, friends or yourself? First Hawaiian can assist you in wiring your funds.
Remittance of payments
Forget the guesswork involved in determining how many US Dollars to remit by letting us make your payment in the required foreign currency. We can remit the payments in a variety of currencies including:
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- Incoming and Outgoing Wire Transfers in foreign currency
- Purchase and Sale of foreign banknotes
- Save money.
Sending wires in the foreign currency could save you money. This is because many vendors will build a spread in the price to protect them from foreign currency rate fluctuations. If you have the option of getting billed in USD or in foreign currency, you may be able to save money by paying in the foreign currency.
- Possible competitive advantage.
You may be able to negotiate a better price with your foreign counterpart if you allow them to avoid the risks of currency rate fluctuations and the cost of foreign exchange.
- Save time.
Wires sent in foreign currency are usually subject to less delay than US denominated wires sent through intermediary banks. When you send a wire in foreign currency directly to the beneficiary, the recipient will usually receive immediate credit.
- Reduce risk.
On the day you purchase the wire, you lock in the exchange rate. This means you know the exact cost in USD.
You may be able to negotiate a better price for your goods if you are paid in the foreign currency
In most cases, foreign currency transfers settle on the value date. The market convention is two business days from the date you send the wire
Yes, we buy and sell all the major foreign currencies and some exotics. When purchasing currency, please allow about two business days for currency to be delivered to the branch, if the currency is available.