Row rect Shape Decorative svg added to bottom MONEY SMART WEEK SOUTH AFRICA Become more educated about your finances | Foreign Exchange Absa | Corporate and Investment Banking > Insights and Events > Become more educated about your finances | Foreign Exchange Chris Paizis Head: Corporate FXand International Banking SHARE Money Smart Week South Africa is a financial literacy campaign aimed at motivating and empowering all South Africans to become more educated about their finances. Financial literacy is essential for the growth and development of our Nation. Foreign exchange is the act of trading or selling one currency for another. The exchange rate is used to determine how much it will cost you to buy one unit of currency. Chris Paizis from Absa Corporate and Investment Banking unpacks Foreign Exchange breaking down what you need to know about buying and selling currencies. Chris Paizis Head: Corporate FX and International Banking https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles RISK MANAGEMENT Absa Instant Payments White Paper Africa is seeing remarkable growth in the number of instant payment services offered to businesses and consumers. Read more RISK MANAGEMENT Focused on FX, Issue 2 Absa’s award-winning foreign exchange experts share their insights around trade tensions, emerging market currencies, and cross-border payment innovations in the second issue of our Focused on FX newsletter. Download our latest newsletter to read their analysis. Read more RISK MANAGEMENT Africa Digital Assets Report 2025 The future of digital assets will be built on trust. Across Africa, digital assets are accelerating from speculative hype to real institutional utility. But while the demand is rising, confidence has not yet caught up. Read more