Foreign exchange - International & treasury

Foreign exchange

Convenient banking

ANZ Bank understands that businesses need assistance when it comes to foreign exchange dealings. In a world with many borders and different currencies, ANZ can provide the assistance necessary to make or receive payments in major world and regional currencies.

Features at a glance

ANZ Bank purchases and sells currency notes of most overseas countries
ANZ deals with most worldwide currencies except for the specified sanctioned countries
Daily rates given by Money Market Dealers
ANZ branches hold foreign currency
Foreign Exchange (FX) Deals can be created and cancelled
FX Spot Deal – purchase or sale of currency with a settlement date within the next two working days
FX Outright Deal – purchase or sale of currency with a settlement date beyond the next two working days
FX Swap Deal - When the same currency is bought and sold in two related deals on different settlement dates.

Benefits

Access to daily rates in real time
Access to purchasing or selling foreign currency except from sanctioned countries
Able to deposit or credit foreign currency notes to a foreign currency account
Make telegraphic transfers of foreign currency
Flexible negotiating deals with ANZ's dealers
Can cancel a FX deal but only if deal is not processed by Treasury Back Office (TBO)
Various money market deals can be made
Secure and convenient payments by phone, fax or email
Access to ANZ FX Online research publications
Get recommendations on a variety of easy to use hedging solutions including Forward Exchange Contracts
Be able to manage exchange risk with a range of foreign exchange products.

Terms and conditions

Customers that use fax or email authorisations to transfer funds from accounts must complete a fax indemnity form.

Fees and charges

TT’s to all overseas points irrespective of amount: PGK40.00
Note: An extra charge of PGK20.00 minimum when confirmation by telephone is required
Drafts on all overseas points = PGK40.00
Repurchase of draft when item is represented to branch for refund to original purchaser = PGK50.00
Placing a stop payment on a lost/stolen item (plus SWIFT messaging costs if applicable which applies whether refund given or a replacement instrument issued).

Find out more now

Talk to us about foreign exchange today by:

visiting your local ANZ branch
call +675 322 3232 to speak to an ANZ specialist
sending us an online enquiry.