FX Option

Reduce your exposure to fluctuating currencies

Essentials

In exchange for an up-front premium, Westpac's Currency Option provides you with the right (but not the obligation) to buy (or sell) a specified amount of a currency against another currency, at an agreed contract amount, on a specified maturity date1.

  • Allows you to participate in favourable exchange rate movements.
  • Provides protection from adverse exchange rate movements.
  • Two types of Options - a Call Option (the right to buy) and a Put Option (the right to sell)
  • Flexibility to tailor the amount and levels to suit your individual needs.
  • Available in all major currencies2.
  • Minimum transaction amount AUD$25,000

 

To receive a copy of Westpac's FX Strategy Guide, please contact us

For queries on International Trade

1300 139 152

8am - 6pm, Mon - Fri
(Sydney time)

For queries on FX call

1800 009 400

8am - 6pm, Mon - Fri
(Sydney time)

Things you should know

Westpac has ranked No.1 Foreign Exchange with Australia's major companies for the past five years running. (No.1 Market Share, Peter Lee Associates Foreign Exchange Survey, Australia 2005-09)

  1. The full terms and conditions are set out in the Foreign Exchange Call Option Product Disclosure Statement (PDS) (PDF 542KB) and the Foreign Exchange Put Option Product Disclosure Statement (PDS) (PDF 542KB). You should read each PDS carefully before making a decision about the suitability of a Currency Option for you. Applications are subject to Westpac's credit criteria.

  2. Other currencies may be available upon request.