Skip to main content Skip to accessibility page Skip to search input

Forward transaction

Forward Exchange Contracts

A Forward Exchange Contract is a contract between Bank of Melbourne Ltd and you where the Bank agrees to BUY from you, or SELL to you, foreign currency on a fixed future date, at a fixed rate of exchange. You undertake to pay the Bank, the overseas currency in terms of the contract in exchange for the settlement currency, which would usually be Australian Dollars.

The Bank can provide a Forward Exchange Contract in most overseas currencies, for the protection of Exporters and Importers who are subject to exchange risks in the course of their international transactions.

Need more information?

If you have any questions or want more information, call us toll free on 1800 221 815.

Read the Product Disclosure Statement.