Foreign exchange risk

For more information about ANZ foreign exchange accounts and services choose from one of the topics below.

ANZ Forward Exchange Contract

ANZ Forward Exchange Contracts allow customers to significantly reduce foreign exchange "surprises" by locking into an exchange rate as soon as they become aware of a foreign exchange exposure.

How it works

A Forward Exchange Contract is a contract between two parties (the bank and the customer). One party contracts to sell and the other party contracts to buy one currency for another at an agreed future date and at a rate of exchange which is fixed when the contract is entered into.

Forward Exchange Contracts oblige the customer to complete a transaction at the agreed rate on the agreed date.

Product information

  • Forward Exchange Contracts fix the price of foreign currency transactions so that customers can determine the price of their products in advance.
  • Contracts can be arranged to either buy or sell a foreign currency against New Zealand dollars or against another foreign currency.
  • Contracts are available in all major currencies.
  • Contracts are available for a range of purposes including trade, investment or other current commitments.

How to apply

For more information or to apply for ANZ foreign exchange accounts and services, contact an ANZ Trade Specialist:

Telephone icon  Call 0800 ANZ TRD (0800 269 873)

Visit branch icon  Visit your nearest ANZ branch


ANZ credit criteria apply, and an establishment fee may be payable. Other fees, charges, terms and conditions apply.

ANZ Business Foreign Currency Transaction Account

A Foreign Currency Transaction Account is designed for customers who regularly transact in foreign currency, generally making more than one payment per month from the account.

Product information

Fees
For one monthly account fee, you can make as many transactions as you like without penalty and access your money whenever you need to.
Monthly account fees
Currency Fee amount
USD $4
AUD $4
GBP £3
EUR €3
JPY ¥350
CAD $4
Interest rates
Credit Interest is not always payable on all currencies or amounts. If minimum deposit balances are maintained, your account may be interest bearing; please contact us to confirm interest rates available (0800 863 863).
Access
Accounts can be accessed via ANZ Phone Direct* or any ANZ branch.

How to apply

For more information or to apply for ANZ foreign exchange accounts and services, contact an ANZ Trade Specialist:

Telephone icon  Call 0800 ANZ TRD (0800 269 873)

Visit branch icon  Visit your nearest ANZ branch


Transaction and other fees may apply. All fees are subject to change. Credit interest is not always payable on all currencies and is subject to minimum credit balances and interest rate tiers as determined by ANZ and may be altered at any time by ANZ. For more information, refer to the ANZ Foreign Currency Account terms and conditions.

*ANZ Phone Direct is only available to ANZ customers. Transactional dollar limits apply.

ANZ Phone Direct International Services is only available between 8.30am and 5.00pm Monday to Friday (New Zealand time) excluding New Zealand public holidays.

Foreign Currency accounts are only available via ANZ Phone Direct International Services, if in the exact same names as the domestic account registered. 

A copy of the Bank's general disclosure statement and our Foreign Currency Term Deposit Investment Statement is available on request from any Bank branch, free of charge. For more information, including fees and charges and terms and conditions, talk to your nearest ANZ branch or contact one of our Foreign Currency Account specialists by calling 0800 863 863.

You need Adobe Reader to view PDF files. You can download Adobe Reader free of charge.

ANZ Business Foreign Currency Investment Account

A Foreign Currency Investment Account is designed for customers who have surplus foreign currency deposits, do not make regular payments, may require immediate access to their funds, and would like to earn a premium rate of interest.

Product information

Fees
You are allowed one free withdrawal each month. An activity fee is charged for the second and each subsequent withdrawal within a calendar month. No monthly account fee is payable.
Activity fee
Currency Fee amount
USD $4
AUD $4
GBP £3
EUR €3
JPY ¥350
CAD $4
Credit interest
If minimum deposit balances are maintained, your account may be interest bearing. If payable, interest rates will always be greater than those paid upon Foreign Currency Transaction Account balances. Furthermore interest rates are tiered, ensuring that greater deposit balances receive higher rates of interest. Credit Interest is not always payable on all currencies or amounts – please contact us to confirm interest rates available (0800 863 863).
Access
ANZ Phone Direct* or any ANZ branch.

How to apply

For more information or to apply for ANZ foreign exchange accounts and services, contact an ANZ Trade Specialist:

Telephone icon  Call 0800 ANZ TRD (0800 269 873)

Visit branch icon  Visit your nearest ANZ branch

 

* ANZ Phone Direct is only available to ANZ customers. Transactional dollar limits apply.

ANZ Phone Direct International Services is only available between 8.30am and 5.00pm Monday to Friday (New Zealand time) excluding New Zealand public holidays.

Foreign Currency accounts are only available via ANZ Phone Direct International Services, if in the exact same names as the domestic account registered.

Transaction and other fees may apply. All fees are subject to change. Credit interest is not always payable on all currencies and is subject to minimum credit balances and interest rate tiers as determined by ANZ and may be altered at any time by ANZ. For more information, refer to the ANZ Foreign Currency Account terms and conditions.

A copy of the Bank's general disclosure statement and our Foreign Currency Term Deposit Investment Statement is available on request from any Bank branch, free of charge. For more information, including fees and charges and terms and conditions, talk to your nearest ANZ branch or contact one of our Foreign Currency Account specialists by calling 0800 863 863.

ANZ Business Foreign Currency Term Deposit

A Foreign Currency Term Deposit is a fixed term investment designed for customers who do not require immediate access to their funds, and would like to ensure that a set rate of interest is paid on deposit balances.

Product information

Fees
No fees are charged for Foreign Currency Term Deposits.
Interest rates

Interest rates are agreed at the commencement of the deal and are set until the maturity of the deposit. Depending on the term of the deposit, interest rates may be higher than those offered on Foreign Currency Investment Accounts.

Credit Interest is not always payable on all currencies, terms or amounts. Please contact us to confirm interest rates available (0800 863 863).

Terms
A range of terms are available to suit you from 30 days up to 1 year.
Maturity
options
Upon maturity, the principal and interest may be reinvested or withdrawn.
Access
Deals can be accessed via ANZ Phone Direct* or in one of our branches.

How to apply

For more information or to apply for ANZ foreign exchange accounts and services, contact an ANZ Trade Specialist:

Telephone icon  Call 0800 ANZ TRD (0800 269 873)

Visit branch icon  Visit your nearest ANZ branch


* ANZ Phone Direct is only available to ANZ customers. Transactional dollar limits apply.

ANZ Phone Direct International Services are only available between 8.30am and 5.00pm Monday to Friday (New Zealand time) excluding New Zealand public holidays.

Foreign Currency accounts are only available via ANZ Phone Direct International Services, if in the exact same names as the domestic account registered.

A minimum deposit amount may apply. A minimum term of 30 Days and a maximum term of 12 months apply. Credit interest is not always payable on all currencies and is subject to minimum credit balances and interest rate tiers as determined by ANZ. Early withdrawal fees may apply. For more information, refer to the ANZ Foreign Currency Account terms and conditions. 

A copy of the ANZ Foreign Currency Account terms and conditions (PDF 112kB) and general disclosure statement published by ANZ National Bank Limited is available on request and free of charge from any branch of ANZ.

A copy of the Bank's General Disclosure Statement under the Reserve Bank of New Zealand Act 1989 is available on this website or on request from any ANZ branch, free of charge.  This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008.  It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.

ANZ Trade & FX Direct

In today's global market place, international banking services can be an integral component of your business.

ANZ Trade & FX Direct provides international payments, trade finance and foreign exchange services to small-to-medium-sized importers and exporters, co-ordinated by a single point of contact.

How it works

With one phone call, you can be connected to ANZ experts who can assist you with all your international banking needs. Our team includes foreign exchange and trade finance specialists who have particular expertise in complex areas.

With access to the latest foreign exchange rates and easy international payment services, ANZ Trade & FX Direct can assist with all of your company's overseas payment requirements.

More information

For more information contact the ANZ Trade & FX Direct team:

Telephone icon  Call 0800 TFX DIRECT (0800 839 347)

Enquire online icon  Enquire online

Visit branch icon  Visit your nearest ANZ branch


Eligibility criteria, fees and charges, terms and conditions apply.

You need Adobe Reader to view PDF files. You can download Adobe Reader free of charge.