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

Our currency charts allow you to access current and historical information for all major currencies.

Explore Westpac IQ - economic research, strategy and forecasts direct from our specialists.

Need to speak to a Foreign Exchange specialist? Contact the team on 0800 786 243 or request a call back.

View Terms and Conditions

No member of the Westpac group accepts any liability for losses suffered as a result of the conversion of currencies and any exchange risks from the conversion of currencies is the responsibility of the account/deposit holder. Terms and conditions apply and may vary from time to time. Most of the above products and services are provided by Westpac Banking Corporation ABN 33 007 457 141, incorporated in Australia (New Zealand division). Some products and services may be provided by Westpac New Zealand Limited. For more information or a copy of the Product Disclosure Statement for any product which a Product Disclosure Statement is required, please contact the International Business team. You can get a copy of the current disclosure statement for Westpac New Zealand Limited or Westpac Banking Corporation from any branch in New Zealand free of charge.The information on this page is presented subject to Westpac New Zealand Limited's ("Westpac's") legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.

No member of the Westpac group accepts any liability for losses suffered as a result of the conversion of currencies and any exchange risks from the conversion of currencies is the responsibility of the account/deposit holder. Terms and conditions apply and may vary from time to time. Most of the above products and services are provided by Westpac Banking Corporation ABN 33 007 457 141, incorporated in Australia (New Zealand division). Some products and services may be provided by Westpac New Zealand Limited. Any product or service made available by Westpac New Zealand Limited does not represent an offer from Westpac Banking Corporation or any of its subsidiaries (other than Westpac New Zealand Limited). Neither Westpac Banking Corporation nor its other subsidiaries guarantee or otherwise support the offer or the performance of Westpac New Zealand Limited. Westpac New Zealand is not an authorised deposit- taking institution for the purposes of Australian prudential standards. For more information or a copy of the Product Disclosure Statement for any product which a Product Disclosure Statement is required, you can find our Product Disclosure Statements on the disclosure register. You can get a copy of the current disclosure statement for Westpac New Zealand Limited or Westpac Banking Corporation from any branch in New Zealand free of charge.