Foreign exchange

Foreign exchange Foreign exchange

With dedicated trading and sales coverage in Asia, Europe, US and Australasia, we provide 24-hour access to the world's major currency markets. We’re also a leading bank for AUD & NZD currency products with competitive capabilities across G10 and Asia FX, providing:

  • Liquidity across most deliverable currency markets
  • Access to non-deliverable forward markets where regulatory restrictions exist
  • Services in G10 derivative markets.

Our fast, simple and effective e-FX technology ensures convenient and transparent access to prices. Additionally, we’re an active liquidity provider to clients via all major multi-bank portals (MBP) and electronic communication networks (ECN) on either a request for quote (RFQ) or streaming basis.

Our foreign exchange operation in Asia
The expansion of Asian economies brings both opportunities and challenges. Increased accessibility to markets demands more vigilant currency risk management.

We recognised this some time ago and established a Singapore based Asian team in 1972 with a group of dedicated FX traders and salespeople for both corporate and institutional customers.  

Since then our geographical footprint and service offering (from spot and forwards to derivatives and risk management solutions) has continued to expand into Hong Kong, China & Mumbai.

This enduring FX track record and client service culture demonstrates our capability to engage and solve the increasingly complex currency risk management issues through an understanding of local regulations across:

  • China
  • India
  • Singapore
  • Hong Kong
  • Korea
  • Taiwan
  • Malaysia
  • Indonesia
  • The Philippines.

China
Westpac (Shanghai Branch only) is the market maker of AUD/CNY and NZD/CNY direct trading, while also providing spot in most CNY-related currencies and forward capability in G7 currencies.

Westpac MNI China Consumer Sentiment Index
Launched on 28 May 2014, the aim of the index is to become the primary reference point for key decision makers around the world seeking to better understand the current and future state of the Chinese economy, with special reference to the household sector.

The survey is a collaboration between firms from the 2 countries that have benefited most from China’s rise to date: Australia and Germany.

Additionally, Westpac offers solution-based advice to corporate and institutional clients with fixed rate loans or G7 interest rate swaps, cross currency swaps, as well as option products for hedging interest rate risk.