Managing foreign exchange risk

Protect your profits from fluctuating foreign exchange rates. Choose from our range of risk management solutions. If you would like to talk to an accredited Foreign Exchange Specialist, get in touch or request a call back. 

Foreign Currency Account

A Foreign Currency Account can simplify your banking if you regularly make or receive payments in a foreign currency. 

Key benefits:

  • Manage foreign currency cash flow
  • No monthly fees 
  • View or transfer online 
  • Hold funds in foreign currency so you can convert at a time that is right for you

Find out more about our Foreign Currency Accounts

Foreign Exchange Forward Contract

A Foreign Exchange Forward Contract is an agreement to exchange one currency for another on an agreed date in the future at an agreed exchange rate.

A Foreign Exchange Forward Contract can help provide you with protection against unfavourable foreign exchange rate movements for the term of your contract. These contracts provide you with certainty as to the rate you will transact at on a specified future date.

Our Foreign Exchange team can assist you in developing a tailored risk management strategy that suits your business. Give us a call on 0800 786 243 to discuss or request a call back.

Please see the Foreign Exchange Forward Contract Disclosure Statement here.

Foreign Exchange Option Contracts
Like an insurance policy, a currency option can provide you with peace of mind.  You can protect a certain exchange rate but also have the ability to participate if market rates move in your favour.  
For this flexibility a premium is payable up front, the cost depends on factors such as the volatility of currencies involved, the rate you want to protect and the maturity date of the option.    
For further information contact your branch or Business Manager who will refer you to the Dealing Room.  

A Foreign Exchange Option Contract is an agreement where you have the right, but not the obligation, to exchange one currency for another at an agreed rate (Strike Price) on a date in the future. This type of contract helps you manage the currency risk you are exposed to, while allowing you to benefit from favourable exchange rate movements. 

If you would like to speak to our Foreign Exchange team to discuss Foreign Exchange Option Contracts give us a call on 0800 786 243 or request a call back.

Please see the Foreign Exchange Options Contracts Disclosure Statement here.

Foreign Exchange Order

A Foreign Exchange Order is a way to manage exchange rate risk, whilst not having to watch the market 24/7. A Foreign Exchange Order is a request to buy or sell a certain amount of foreign currency against another currency once a nominated Westpac exchange rate is reached.

* Please note a Foreign Exchange Order is not available for cash transactions.

Contact your local branch, or ring the Foreign Exchange team directly on 0800 786 243 to discuss placing a Foreign Exchange Order, or request a call back.

Market Information