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?

FX Spot could suit you if:

• you're a business with foreign currency payments or receipts, or

• your business can sustain exposure to foreign exchange rate movements without a material impact on your profit or cash flow.

More information

Foreign Exchange Transactions Product Disclosure (PDF, 395KB), opens in new window

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

Get in touch

Request a call back

Let us help you with your foreign exchange needs.

Call us

Speak to a specialist today.

Call 1300 960 355

Monday to Friday, 9:00am to 5:00pm (AEST/AEDT)

Visit a NAB business banking centre

Let our business banking specialists help you in person.