FX Options

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Give your Business the security of a forward contract, with the added flexibility to benefit if exchange rates move in your favour.

Ideal for a business peace of mind:

  • If exchange rates move in your favour, the exchange rate you achieve is better than a forward rate.
  • If exchange rates move against you, you’re protected and can exchange at your forward rate.

Options explained:

A foreign exchange option is an agreement that gives the buyer the right, but not the obligation, to enter into a foreign currency transaction at a pre-determined exchange rate (“strike price”) on a pre-determined date in the future (“expiry date”).

The buyer pays a non-refundable fee ("premium") for the option. If the buyer chooses to exercise the option, they must settle the underlying foreign currency transaction.  No further action is required if the buyer chooses to let the option lapse. 

Details:

-        Bought options only (you cannot sell options to OzForex)
-        Fixed expiry date
-        Face value AUD50,000 (or equivalent) to AUD1m (or equivalent)
-        Available currencies:  AUD, CAD, EUR, GBP, JPY, NZD, USD
-        Exclusive to Australian based clients

FX Options are available over the phone only.

Register now for instant online access to our dealing platform or contact us to speak with one of our accredited dealers and discuss your FX Option needs.

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IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. OzForex Limited ABN 65 092 375 703 (trading as “OFX”) and its subsidiaries make no recommendations as to the merits of any financial product referred to in the website, email or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.
DISCLAIMER: OFX makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website. Read full disclaimer.   OFX provides international money transfer services to private clients and business customers. Use our free currency converter, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

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