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. 

Please see the Foreign Exchange Forward Contracts Product Disclosure Statement.

Foreign Exchange Option Contract.

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.

Please see the Foreign Exchange Option Contracts Product Disclosure Statement.

Foreign Exchange Order.

A Foreign Exchange Order is a request to buy or sell a certain amount of one currency in exchange for 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 call the Foreign Exchange team directly on 0800 786 243 to discuss placing a Foreign Exchange Order.

Market information.

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Things you should know.

Westpac Banking Corporation ABN 33 007 457 141 (Westpac) is the provider of the derivative products listed on this webpage. Westpac New Zealand Limited (company number 1763882) (WNZL) is the provider of the foreign currency accounts listed on this webpage. A copy of the terms and conditions for WNZL foreign currency accounts is available from any WNZL branch.

Any product or service made available by WNZL does not represent an offer from Westpac or any of its subsidiaries (other than WNZL). Neither Westpac nor its other subsidiaries guarantee or otherwise support the performance of WNZL in respect of any such product. WNZL is not an authorised deposit - taking institution for the purposes of Australian prudential standards.

Copies of the product disclosure statement(s) for the product(s) described in this communication for which a product disclosure statement has been prepared are available from www.business.govt.nz/disclose. Supply or receipt of a product disclosure statement is not an offer for the purposes of the FMCA. Whether or not an offer made to you by Westpac of any financial product is a regulated offer depends on your investor status under the Financial Markets Conduct Act 2013 in respect of that offer.

The current disclosure statements for the New Zealand division of Westpac and for WNZL can be obtained at the internet address www.westpac.co.nz

The information on this page, terms and conditions and pricing for foreign exchange products and services are subject to change from time to time.