FX timelines

Our foreign exchange (FX) schedules tell you everything you need to know to make your conversion on time. Please be aware that when you are making FX settlements, the longest duration will be used for the pairing. For more details, read our explanation of FX timelines.

Currency (ISO)Duration (Conversion Length)Trading cut off times (GMT+1)
Australian Dollar (AUD) Australian Dollar (AUD)1 day1:00 PM
Bahrain Dinar (BHD) Bahrain Dinar (BHD)1 day1:00 PM
Bulgarian Lev (BGN) Bulgarian Lev (BGN)1 day3:30 PM
Canadian Dollar (CAD) Canadian Dollar (CAD)0 days1:00 PM
Chinese Yuan (CNY) Chinese Yuan (CNY)1 day8:00 AM
Croatian Kuna (HRK) Croatian Kuna (HRK)1 day3:00 PM
Czech Koruna (CZK) Czech Koruna (CZK)0 days8:00 AM
Danish Krone (DKK) Danish Krone (DKK)0 days9:30 AM
Euro (EUR) Euro (EUR)0 days1:50 PM
HongKong Dollar (HKD) HongKong Dollar (HKD)1 day1:00 PM
Hungarian Forint (HUF) Hungarian Forint (HUF)0 days8:00 AM
Indian Rupee (INR) Indian Rupee (INR)*1 Day2:00-4:30 PM
Japanese Yen (JPY) Japanese Yen (JPY)1 day1:00 PM
Kenyan Shilling (KES) Kenyan Shilling (KES)1 day1:00 PM
Kuwait Dinar (KWD) Kuwait Dinar (KWD)1 day1:00 PM
Mexican Peso (MXN) Mexican Peso (MXN)0 days8:00 AM
Israeli Shekel (ILS) Israeli Shekel (ILS)1 day1:00 PM
New Zealand Dollar (NZD) New Zealand Dollar (NZD)1 day1:00 PM
Norwegian Krone (NOK) Norwegian Krone (NOK)0 days9:30 AM
Omani Rial (OMR) Omani Rial (OMR)1 day1:00 PM
Polish Zloty (PLN) Polish Zloty (PLN)0 days8:30 AM
Qatar Rial (QAR) Qatar Rial (QAR)1 day1:00 PM
Romanian Leu (RON) Romanian Leu (RON)0 days8:00 AM
Russian Ruble(RUB) Russian Ruble (RUB)**0 days8:00 AM
Saudi Riyal (SAR) Saudi Riyal (SAR)1 day1:00 PM
Singapore Dollar (SGD) Singapore Dollar (SGD)1 day1:00 PM
South African Rand (ZAR) South African Rand (ZAR)0 days9:30 AM
Swedish Krona (SEK) Swedish Krona (SEK)0 days9:30 AM
Swiss franc (CHF) Swiss franc (CHF)0 days9:30 AM
Thai Baht (THB) Thai Baht (THB)1 day8:00 AM
Turkish Lira (TRY) Turkish Lira (TRY)0 days8:30 AM
Ugandan Shilling (UGX) Ugandan Shilling (UGX)1 day8:00 AM
UK Sterling (GBP) UK Sterling (GBP)0 days2:20 PM
United Arab Emirates Dirham  (AED) United Arab Emirates Dirham (AED)1 day1:00 PM
US Dollar (USD) US Dollar (USD)0 days3:50 PM
Currency (ISO)Duration (Conversion Length)Trading cut off times (EST)
Australian Dollar (AUD) Australian Dollar (AUD)1 day8:00 AM
Bahrain Dinar (BHD) Bahrain Dinar (BHD)1 day8:00 AM
Bulgarian Lev (BGN) Bulgarian Lev (BGN)1 day10:30 AM
Canadian Dollar (CAD) Canadian Dollar (CAD)0 days8:00 AM
Chinese Yuan (CNY) Chinese Yuan (CNY)1 day3:00 AM
Croatian Kuna (HRK) Croatian Kuna (HRK)1 day10:00 AM
Czech Koruna (CZK) Czech Koruna (CZK)0 days3:00 AM
Danish Krone (DKK) Danish Krone (DKK)0 days4:30 AM
Euro (EUR) Euro (EUR)0 days8:50 AM
HongKong Dollar (HKD) HongKong Dollar (HKD)1 day8:00 AM
Hungarian Forint (HUF) Hungarian Forint (HUF)0 days3:00 AM
Indian Rupee (INR) Indian Rupee (INR)*1 day9:00-11:30 AM
Japanese Yen (JPY) Japanese Yen (JPY)1 day8:00 AM
Kenyan Shilling (KES) Kenyan Shilling (KES)1 day8:00 AM
Kuwait Dinar (KWD) Kuwait Dinar (KWD)1 day8:00 AM
Mexican Peso (MXN) Mexican Peso (MXN)0 days3:00 AM
Israeli Shekel (ILS) Israeli Shekel (ILS)1 day8:00 AM
New Zealand Dollar (NZD) New Zealand Dollar (NZD)1 day8:00 AM
Norwegian Krone (NOK) Norwegian Krone (NOK)0 days4:30 AM
Omani Rial (OMR) Omani Rial (OMR)1 day8:00 AM
Polish Zloty (PLN) Polish Zloty (PLN)0 days3:30 AM
Qatar Rial (QAR) Qatar Rial (QAR)1 day8:00 AM
Romanian Leu (RON) Romanian Leu (RON)0 days3:00 AM
Russian Ruble(RUB) Russian Ruble (RUB)**0 days3:00 AM
Saudi Riyal (SAR) Saudi Riyal (SAR)1 day8:00 AM
Singapore Dollar (SGD) Singapore Dollar (SGD)1 day8:00 AM
South African Rand (ZAR) South African Rand (ZAR)0 days4:30 AM
Swedish Krona (SEK) Swedish Krona (SEK)0 days4:30 AM
Swiss franc (CHF) Swiss franc (CHF)0 days4:30 AM
Thai Baht (THB) Thai Baht (THB)1 day3:00 AM
Turkish Lira (TRY) Turkish Lira (TRY)0 days3:30 AM
Ugandan Shilling (UGX) Ugandan Shilling (UGX)1 day3:00 AM
UK Sterling (GBP) UK Sterling (GBP)0 days9:20 AM
United Arab Emirates Dirham  (AED) United Arab Emirates Dirham (AED)1 day8:00 AM
US Dollar (USD) US Dollar (USD)0 days10:50 AM

*Cut-off times for INR vary by the Sell currency. Check INR Payment Guide for details

**ibanex supports RUB as a sell currency only. You can not convert any other currency into RUB for payments.

Financial Terminology

0 days = T+0 (TOD, or same day)

1 day = T+1 (TOM, or next day)

2 days = T+2 (Spot)

3 days = T+3 (Spot + 1)

 

Cut off times = These are the times conversions must be completed by in order for ibanex to honor your instruction.

 

Guides = These are associated resources available on ibanex:

  • Currency pairs:  currencies available pairs i.e. GBP to USD
  • Payment guides: guidance on how to make a payment in the associated currency

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FX settlement timeline explanation

Let’s say you want to buy Australian Dollars (AUD) with UK Sterling (GBP). Australian Dollars (AUD) has a settlement time of 1 day, while UK Sterling (GBP) has a settlement time of 0 days.

Your AUD will only be available after the 1 day settlement time frame. Funding must therefore be received before the cut off time, one day prior to the desired delivery date.

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