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?

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.

Learn with NAB

International Money Transfers for Business

Learn more about sending money overseas for your business.

Global Markets Research

Helping you make sense of credit, foreign exchange, interest rates and commodity markets.

Subscribe to our FX Newsletter

Subscribe for access to monthly foreign exchange articles and insights for your business.

We're ready to help you

Request a call back
Call 1300 960 355

Mon-Fri 8am - 6pm (AEST/AEDT)

Talk to an expert