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Foreign exchange payments and financial markets
Managing international payments and foreign exchange (FX) doesn't have to be complicated. Take advantage of our financial markets products, dedicated specialists and ANZ FX Online platform.
Speak to one of our FX dealers about ANZ's FX solutions
FX Payments Today
Value Today payments are the simplest form of buying and selling foreign currency.
Payment is made on the first available business day at an agreed rate.
Benefits
- Simplest form of buying and selling currency
- Can be accessed and managed through ANZ’s online platforms
Suitable for businesses who:
- Irregularly buy or sell goods in a foreign currency
- Can weather the potential of adverse exchange rate fluctuations with minimal impact to their cash flows or profitability
Considerations
- Relying on Value Today payments for future FX payments can expose you to potentially unfavourable exchange rate movements
- There may be day discrepancies due to currency cut-off times, or Bank holidays, both locally and internationally
Future Dated FX Payments
Future Dated FX Payments are made using Forward Exchange Contracts (FEC).
An FEC is an agreement to exchange foreign currency at an agreed exchange rate on a future date.
Benefits
- Certainty over your cash flows – FECs provide you with a fixed known rate payable at a future date
- Buy now, pay later – you only pay on the maturity date
Suitable for businesses who:
- Have regular and ongoing FX payment commitments
- Require greater certainty over cash flows by minimizing the impact of FX fluctuations
- Import or export goods where the invoice is quoted in a foreign currency
- Repatriate overseas profits or interest in foreign currencies back to Australia
Considerations
- Entering into an FEC fixes locks in the exchange rate and does not allow you to benefit from future favourable exchange rate movements
- You have an obligation to transact at maturity, and the cancellation of the contract in the prevailing market may incur a cost or benefit to you
ANZ FX Online
Manage your FX payments with ANZ FX Online, a simple and secure online platform that allows you to make or receive FX payments and manage your FX risk.
Contact us about FX
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Have one of our FX dealers call you back about managing your FX cash flows.
Help with ANZ FX Online
Call our ANZ Customer Service Center for support with ANZ FX Online.
Monday – Friday, 8am – 8pm (AEST)
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Contact us about FX payments and financial markets.
Monday – Friday, 8am – 8pm (AEST)
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This information is not a recommendation, solicitation or offer by ANZ to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. ANZ does not provide any financial, investment, legal or taxation advice in connection with any product or service. ANZ recommends you read the Terms and Conditions, the Financial Services Guide (PDF) and obtain independent professional advice before deciding whether to acquire or hold any product or service. The products and services described above may not be available in all countries and may be restricted by law in certain jurisdictions.
The products referred to are issued by Australia and New Zealand Banking Group Limited (ABN 11 005 357 522, AFSL 234527). A Product Disclosure Statement for each product is available here. You should consider the Product Disclosure Statement in deciding whether to acquire, or continue to hold, the product.
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