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Essentials

Westpac's Foreign Exchange Spot Transaction is an agreement between you and Westpac to exchange one currency for another, at an agreed exchange rate on an agreed date1.

Useful in managing the currency risk associated with exporting or importing goods denominated in a foreign currency e.g. for when you need complete protection from adverse exchange rate movements.

  • Provides cash-flow certainty
  • Flexibility to tailor the maturity date and contract amount to suit your individual needs
  • Available in all major currencies2
  • No minimum transaction amount.

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

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.