What is FX Spot?

The exchange of currencies in two (business) days' time, at today's agreed rate. FX Spot is also used for same day and value tomorrow payments.

Benefits

  • An FX spot deal is the simplest method of buying or selling foreign currency.

  • Can be accessed and managed online.

Considerations

  • Relying on the spot market for your future foreign currency requirements can expose you to unfavourable changes in foreign currency values.

  • Once you've locked in a spot deal, you must deliver on your agreement on the maturity date.

WHAT ELSE DO I NEED TO KNOW?

FX Spot could suit you if:

• you're a business with foreign currency payments or receipts, or

• your business can sustain exposure to foreign exchange rate movements without a material impact on your profit or cash flow.

More information

Foreign Exchange Transactions Product Disclosure (PDF, 329KB)

Managing foreign exchange

Movements in foreign exchange rates can impact businesses differently, so it's important to have a strategy tailored to your specific needs.

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Important information

The information provided in this webpage is intended to be of a general nature only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information that you read on this webpage, National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit License 230686) (NAB) recommends that you consider whether it is appropriate for your objectives, financial situation and needs. NAB recommends that you seek independent advice and obtain and consider the relevant Product Disclosure Statement (available at Financial Markets or by calling 1800 307 827), before acting on any information on this webpage, including whether to acquire or to continue to hold a product or service mentioned.

The products on this webpage are issued by NAB.

Please consider our Financial Services Guide.

The Target Market Determination for this product is available at nab.com.au/TMD.

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