What can go wrong if FX Forwards aren't used
Watch an example where things can go wrong with Forwards
Businesses that buy or sell in foreign currency are vulnerable to exchange rates, which can have serious implications if the conversion rate suddenly changes. This is what is referred to as foreign exchange risk.
Watch this video to discover why managing foreign exchange risk is so important.
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Terms and Conditions
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Fees and charges may apply. Please read the NAB Connect Fees and Charges Guide (PDF, 90KB), opens in new window for more information.
Business Banking Fees and Charges and International transfers terms and conditions apply.
Payments must be submitted and authorised by the currency cut off time on a business day. Read more about cut off times.
If the overseas bank is not the beneficiary's, it may take longer to on forward funds to the beneficiary's bank. There may be other circumstances outside of our control which may also cause additional delays. International funds transfers received on a National public holiday, NSW public holiday, or on a Saturday or Sunday will not be processed until the next business day. The value date of the transfer will also be changed to the next business day.
Examples are for illustrative purposes only and do not reflect current prices or outcomes.
The information provided on 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 the information on this webpage, National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit License 230686) (NAB) recommends you seek independent advice to determine whether such information is appropriate for your objectives, financial situation and needs. NAB recommends that you obtain and consider the relevant Product Disclosure Statement or other disclosure document (as applicable) available from NAB, before acting on any information you read on this webpage or any of the linked web pages, including whether to acquire or use or to continue to hold or use a product or service mentioned (as applicable). Please consider our Financial Services Guide.
Target Market Determinations for these products are available at nab.com.au/TMD.