FX spot

An agreed exchange of currencies in two (business) days' time, at today's agreed rate.

Benefits

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

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.

Customers

You should consider an FX spot if:

you're a business with foreign currency payments or receipts
your business can sustain exposure to foreign exchange rate movements without a material impact on your profit or cash flow.

More info

FX Spot and Forward product disclosure statement (PDF, 3.6MB)

Any advice on this webpage does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to this information, you should consider the Product Disclosure Statement available at Financial Markets or by calling 1800 307 827. The products on this webpage are issued by National Australia Bank Limited ABN 12 004 044 937 AFSL 230686.

Please consider our Financial Services Guide.