Currency Conversion

Spiko lets you make deposits and withdrawals in a currency other than that of the product you are using. Conversions are carried out free of charge, at the exchange rate of the day your operation is processed.

⚠️ Currency risk: exchanging currencies exposes you to exchange rate fluctuations. Currency markets are volatile and you may incur losses. Make sure you understand this risk before making any decision.

Available currencies per product

Option 1: Depositing or withdrawing in another currency

Deposit

Spiko US T-Bills Dollar and Spiko UK T-Bills Pound accept deposits in euros: your euros are converted into US dollars (or British pounds), then placed in US (or UK) Treasury Bills.

Spiko Smart Cash receives your deposit in the currency of the product you selected. As long as the operation has not been processed (3:00 p.m. Paris time, on each business day), you can redirect it to a product in another currency from your transaction history, using the "Change destination" action. Your deposit is then converted and placed directly in the product you selected.

Once the operation has been processed, this action is no longer offered. You can then use option 2.

Withdrawal

You can withdraw your holdings to a bank account denominated in another currency. The withdrawal amount is entered in the currency of your product, and the platform displays an estimate of the amount that will be credited to your bank account.

Scheduled (recurring) withdrawals are not available when the currency of the destination bank account differs from that of the product.

Option 2: Transfer between Spiko products

You can transfer your holdings from one Spiko product to another, including when the two products are denominated in different currencies: from Spiko Euro to Spiko Dollar, or from Spiko Euro Treasury Bills to Spiko Pound, for example.

This is equivalent to a withdrawal from one product followed by a deposit into the other. It takes approximately two business days.

The rate applied is that of the source product, meaning the product you are transferring your holdings from. A transfer from Spiko Smart Cash therefore uses the WMCO rate at 4:00 PM London time, and a transfer from a Spiko Treasury Bills product the BFIX rate at 11:30 AM Paris time.

Spiko Cash & Carry products do not handle currency conversion, a transfer to or from one of them uses the rate of the other product involved.

Exchange rate and fees

No fees are charged on currency conversions.

The rate applied is the one set on the day your operation is processed:

Before your operation is processed, the amount displayed is calculated using the latest known rate, for information only. It may therefore differ from the final amount. Once the operation has been processed, the transaction details show the amount before conversion, the rate applied and the final amount.

Timings

A withdrawal in another currency follows the same timings as a standard withdrawal, plus the bank transfer time specific to the destination currency. See Make a standard withdrawal.

Tax

For individuals who are tax residents in France, a transfer between products constitutes a taxable event, including when it is a transfer from one currency to another.