SPOT FX

A foreign exchange spot transaction, also known as FX spot, is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date, which in most cases is 2 days. This is used when you need to make the payment immediately.

Forward Exchange Contract (FEC)

A Forward cover or contract is an agreement between two parties to buy or sell a currency at a specified price on a future date. It is particularly suited for hedging of future transactions due to its customizable nature, be it amount or delivery date. 

Whether you are an exporter or a pensioner, we can assist you in receiving your funds from overseas. Our banking relationships allow us to have locally domiciled accounts in most of the major currencies, which means you get your money as quickly as possible. You get an automated email from us each time we receive funds on your behalf. It's then up to you whether you want to convert the funds immediately or hold on for a favorable rate.

Everyday fluctuation in exchange rates can be a frustrating and potentially very costly aspect of trading internationally. As a result our clients recognise the need for professional assistance to mitigate the risks they face in today’s tough economic climate. Many companies are uncomfortable with the intersection of business activity and currency movements and at Tasman FX our experienced dealers will manage this for you.