Foreign Exchange

Easy and fast solutions to meet your foreign exchange needs through Internet / Mobile Banking and FX Order Watch services.

Foreign Exchange transaction to fulfill your needs related to payments in foreign currency, and value protection (hedging) towards customers’ wealth


Bank Commonwealth  offers 9 choices of currencies:
  • US Dollar (USD)
  • Australian Dollar (AUD)
  • Euro (EUR)
  • Poundsterling (GBP)
  • Singapore Dollar (SGD)
  • Japanese Yen (JPY)
  • China Yuan (RMB)
  • New Zealand Dollar (NZD)
  • Hong Kong Dollar (HKD)


FX Order Watch

FX Order Watch is the FX order instruction facility with the rate confirmed by customer with automatic settlement if instruction is executed. There are three types of FX Order:

1. FX Order Intraday
Price observations performed while the price in the world currency  market  moves  within  the operating hours of Bank (observation period on 08.00 – 16.00 WIB).

2. FX Order Overnight
Price observations performed while the price in the world currency market moves outside of the operating hours of the Bank (observation period on 17.00 – 08.00 WIB).

3. FX Order Good til date (GTD)
Price observations are performed while the price in the world currency market moves during the observation period which starts from the day customer places the order until the next Monday working day (observation period on 17:00 on the day the order is placed – 08:00 WIB the next Monday working day).

Market Update
News updates on currency market conditions by the Bank Commonwealth Treasury team. Customers can receive the latest news via phone or SMS.
The information that is prepared and distributed by the Bank Commonwealth Treasury team is made based on publicly available information and comes from a trusted source. Available information and foreign exchange rates may change at any time without notice.

Available foreign currency transactions:

Today, Tomorrow, and Spot
  • Transaction done today by using the current exchange rate
  • Delivery period not more than 2 working days after the transaction date


  • Transaction done today by using the current exchange rate
  • Delivery period in the future (more than 2 working days)

Forward Transaction Illustration

On 1 June 2017, PT. ABC received an invoice of USD 100,000 from XYZ.LTD for Import trade transaction. Received invoice is due on 31 August 2017. To mitigate Foreign Exchange risk, PT.ABC entered Forward Transaction contract with Bank Commonwealth.
Spot Price for Bank Sell USDIDR on 1 June 2017 is at 13,300 and Premium price for Forward transaction due on 31 August 2017 is 300 points. Total of USDIDR transaction value for forward contract with settlement date on 31 August 2017 from 1 June 2017 will be 13,600.

Transaction Date

Settlement Date

1 June 2017

31 August 2017

PT. ABC Agreed on forward contract to purchase USD 100,000 from Bank Commonwealth from Bank Commonwealth on 31 August 2017 at the price of 13,600

Bank Commonwealth will debit IDR 1,360,000,000 from PT.ABC account and Credit USD 100,000 as settlement for the Forward contract.

The obligation to use Rupiah in Indonesia territory

Bank Indonesia has issued regulation Bank Indonesia No. 17/3/PBI/2015 and circulation letter BI No. 17/11/DKSP regarding the obligation to use Rupiah in Indonesia territory.

The regulations are:
  1. Each party shall use Rupiah in any transactions conducted in Indonesia territory, for cash and non-cash transactions.
  2. The transactions include any transactions that have the purpose of payment, settlement of other obligations that must be paid with money and / or other financial transaction instruments.
Therefore, any transactions conducted in Indonesia territory, whether it is conducted by residents or non-residents (corporations), cash or non-cash transactions, as long as it is made in Indonesia territory, shall use Rupiah. 

This regulation effective since 1 June 2015. Any breach to the obligation to use Rupiah may be subject to Bank Indonesia’s sanction.

Bank Commonwealth Tutorial: Foreign Exchange Internet Banking


  1. Potential capital gain in short term or long term period
  2. High liquidity, since it can be traded anytime
  3. Available in various currencies which would give trading flexibility
  4. Two types of potential capital gain (either the value of the foreign currency rise or depreciate)
  5. Active market for 24 hours nonstop, 5 days a week
  6. Information Transparency
    Easily attainable foreign currency value information
  7. Low cost
    Transaction fee is taken from spread between buy and sell price


Market Risk - Volatile price movement affected by market and economic conditions, which would results in investors experiencing capital loss.


  • Age between 21-75 years old or married
  • Have an active Bank Commonwealth account
  • Attaching tax ID
  • Fill in and sign Request Foreign Exchange Form, Terms and Conditions, Power of Attorney to block and debit bank account, and Fax Indemnity letter

Should you require further information, please contact Call Commbank (24 hours) in 15000-30 or (area code) 15000-30 from mobile or visit our nearest branch.

Foreign Exchange Rates

For the convenience of our Customers, Bank Commonwealth offers an Internet Banking/Mobile Banking 24-hours service for Foreign Exchange transactions with easy yet instant special rate.

For further service, during business hours, our Customers can also enjoy a special rate of foreign exchange transaction service for the amount of more than or equivalent to USD5,000.


There is no additional fee for foreign exchange transaction only a spread between buy and sell price.


Foreign exchange transaction has market risk in regards to foreign exchange market movement. Customers are required to read and understand the risk related to the transaction before making any decisions on transactions.

Foreign currency exchange rates around the world varies and fluctuates reflecting the movement of the foreign exchange market. 

The exchange rate used outside bank's operating hours, on the weekends and during holidays, is the exchange rate used at the end of business day on the last/previous working day.