Send money overseas at competitive rates and low or no fees at all.
Lock in an exchange rate for a future settlement date.
Nominate a desired exchange rate and let us monitor the market for you.
Regular overseas payments with no transfer or establishment fees.
Integrated and tailored solutions for your business.
Free online currency conversion for over 50 currencies.
Compare up to five pairs of currency exchange rates. Get free charts, news and commentary.
Check out seasonal patterns, long term charts, raw data, period average exchange rates and much more.
Check rates and convert currencies on the go with our free mobile apps for iPhone and Android.
Check our exchange rates for customers.
Spot exchange rates and charts for major currency pairs.
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Whether emigrating, buying a holiday home or purchasing goods from overseas, you can make significant savings on your transactions.
Whenever you make a purchase or sale which involves a foreign currency, save money through better exchange rates and low (or often no) fees.
Learn about the basics of foreign exchange and understand fundamental terms and connections.
Learn more financial terms with this extensive glossary. From American Option to Yield Curve, we make complex terms easy to understand.
Key terms and acronyms
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Save money with competitive exchange rates and pay low or no fees at all. Benefit from our personal service and 24 hours a day / 5 days per week support.
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Transfer funds in over 50 currencies, from AED to ZAR. Check our supported currencies list for the currency you need.
Save money with NZForex and pay a low flat fee per transaction or no fee at all.
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Guide on how long your funds will take to arrive when using NZForex.
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An FEC is a contract that allows you to lock in a favourable exchange rate for a transfer that that will occur down the line (between 2 – 365 days from the date the FEC is locked in).
This is the exchange rate at which the currency is exchanged for another currency.
The maturity date is the predetermined future date that has been chosen for settlement. You are not required to pay the full amount owing on your FEC until the maturity date. In some cases a deposit is required.
Making a forward exchange contract can protect you from fluctuating market rates that occur during the settlement period. Making an FEC is a way of ensuring you benefit from a favourable rate that you lock in yourself.
The forward rate relates to the difference in interest rates between the two currencies and the time to maturity. The forward rate is worked out by regulating the current market rate (the spot rate) for forward points. The forward rate is calculated by adjusting the current market rate (the spot rate) for "forward points", which take into account the difference in interest rates between the two currencies and the time to maturity.Forward points are based on a standard industry formula and are in no way an extra margin charged by NZForex.
For more information on forward exchange contracts, please contact our dealing desks on:
NZ Free Call:
0800 161 868
Australia Free Call:
1300 300 424
Canada Local Call:
1800 680 0750
UK Local Call:
0845 686 1950
+61 2 8667 8090
Register online for free to make a forward exchange contract today.
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