Big business or small operator, if you're doing international business you need the right foreign exchange solution. Find out which products work best for you.

Why foreign exchange solutions?

Foreign exchange (often known as FX) solutions aren't just for big organisations. Any business that carries out financial transactions in a currency other than Australian dollars (AUD) needs to manage its foreign exchange risk, particularly in volatile markets. Here are some of the situations where foreign exchange options could support your business:

  • You import or export products and your invoices or receipts are quoted in foreign currencies
  • You have loans in foreign currencies
  • You have overseas assets or investments in foreign currencies
  • You're converting profits in a foreign currency into Australian dollars
  • You pay or receive any foreign currency amounts.

Foreign exchange risk management

At NAB we take a holistic approach to managing foreign exchange risk and business cash flow. Our team of foreign exchange market specialists work closely with you, taking time to understand your local and overseas business operations. They can then leverage their in-depth knowledge of foreign exchange markets to develop an appropriate foreign exchange business plan.

The Australian Government has issued these Foreign Exchange Risk Management Guidelines.

Foreign exchange options

You can use a number of products and strategies to manage foreign exchange risk. These range from simple spot and forward foreign exchange transactions to more complex options.

Products you might find useful include:

  • Spot foreign exchange contracts
  • Foreign currency accounts
  • Foreign currency term deposits
  • Forward foreign exchange contracts
  • Bought call option
  • Bought put options.

Finding the right product

Our foreign exchange market specialists can help you find the foreign exchange solution that best suits your needs. We can also help you develop strategies to capture returns and/or optimise your foreign exchange risk management.

Our specialist research can further support your decision making by helping you stay informed.

For more information, please call us on 1300 960 355, 9am-5pm Mon-Fri (AEST/AEDT)

Important information

The information contained in this article is correct as of July 2018 and is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.

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