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, 378KB), 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.

Find out more

Learn with NAB

Help videos for Foreign Exchange

Here you'll find demonstration videos and tutorials for using Foreign Exchange online.

NAB Foreign Exchange

We’ll help you manage your exposure to changes in the foreign currency market so you can get on with running your business.

Markets Preference Centre , opens in new window

Education, insights and Market Alerts. Also, get our FX Newsletter delivered straight to your inbox.

Get in touch

Request a call back

Let us help you with your foreign exchange needs.

Call me back

Call us

Speak to a specialist today.

Call 1300 960 355

Monday to Friday, 8:00am to 6:00pm (AEST/AEDT), Saturday 9:00am to 2:00pm (AEST/AEDT) for Australia and Overseas callers

Visit a NAB business banking centre

Let our business banking specialists help you in person.

Find a NAB business banking centre

Terms and Conditions

The information provided in 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 any information that you read on this webpage, National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit License 230686) (NAB) recommends that you consider whether it is appropriate for your objectives, financial situation and needs. NAB recommends that you seek independent advice and obtain and consider the relevant Product Disclosure Statement (available at Financial Markets or by calling 1300 960 355), before acting on any information on this webpage, including whether to acquire or to continue to hold a product or service mentioned.

The products on this webpage are issued by NAB.

Please consider our Financial Services Guide.

Target Market Determinations for these products are available at nab.com.au/TMD.