Asian FX transactions

Essentials

Essentials

Westpac's deep knowledge and experience of Asia leaves you well well positioned for dealing in Asian currencies. We offer a full range of Asian currencies¹.

Our offices in Asia benefit from local expertise to assist you in navigating your business through local regulations and business practices. All our offices have multilingual staff.

Asian currencies we transact in:

Hong Kong Dollar (HKD)
Indian Rupee (INR)
Phillippines Peso (PHP)
Singapore Dollar (SGD)
Thai Baht (THB)
Chinese Yuan (CNY)²
Indonesian Rupiah (IDR)²
Malaysian Ringgit (MYR)²
South Korean Won (KRW)²
Taiwan Dollar (TWD)²

To receive a copy of Westpac's Asian Foreign Currency Capabilities, please contact us.

Did you know?

In 2011, Money Magazine has awarded Westpac the prestigious 'Business Bank of the Year" award for the fourth year in a row.

Things you should know

1.Depending on local regulations.
2.Available on application only.

Foreign exchange Our FX experts have developed a comprehensive range of FX risk management solutions, designed to help you focus on your business.
- FX Transactions
  Can provide your business with full protection against unfavourable foreign exchange movements.
  
  Get started (FX Transactions )
- FX Forwards
  Can protect against unfavourable exchange rate movements and provide some ability to participate in favourable exchange rate movements.
  
  Get started (FX Forwards )
- FX Option
  In addition to protection against unfavourable movements, you can participate in favourable currency movements.
  
  Get started (FX Option )
- FX Asian Transactions
  Can protect your business against unfavourable Asian currency exchange rate movements.
  
  Get started (FX Asian Transactions )
Cash flow management Make payments from your onshore and offshore accounts, receive customer payments and obtain electronic balance and statement information.
- Foreign currency accounts
  We provide a number of services for foreign currency accounts, including making payments from your on and offshore accounts.
  
  Apply (Foreign currency accounts )
- Foreign currency overdraft
  We can support your import or export business by facilitating an onshore overdraft in most major currencies.
  
  Apply (Foreign currency overdraft )
- Telegraphic transfers
  If you need to make payments overseas, telegraphic transfers are a fast, convenient way to make sure your funds get to where they need to be.
  
  Apply (Telegraphic transfers )
Export services The right export resources can help you manage the challenges and reap the rewards of exporting.
- Export documentary collection
  Let us manage your export documents - you’ll find this process is more cost effective than a documentary letter of credit.
  
  Apply (Export documentary collection )
- Export documentary letter of credit
  We check that the terms and conditions of the documentary credit have been complied with, before forwarding documents to the buyer's bank.
  
  Apply (Export documentary letter of credit )
- Export collection negotiations
  We can provide post-shipment finance by negotiating (or buying) the bill of exchange for up to 100% of its face value.
- EFIC Export Working Capital Guarantee
  If you're a small to medium exporter, we can assist you with the general working capital you need.
  
  Apply (EFIC Export Working Capital Guarantee )
Import services A range of end to end solutions to help you better manage your importing and foreign currency payment needs.
- Import documentary collection
  We can help you with your import documentary collection. Our process is more cost effective than documentary credits and lets you devote more...
- Import documentary letter of credit
  A formal undertaking by Westpac to pay your supplier provided they meet the terms and conditions of the documentary credit.
  
  Apply (Import documentary letter of credit )
Westpac Trade Finance Our trade finance facilities offer attractive interest rates and are available in most major currencies.
- Westpac Trade Finance
  Trade finance is available for your business in most major currencies. Use our services to finance your shipment of goods.
  
  Apply (Westpac Trade Finance )
All international trade

International trade