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Managing foreign exchange risk

Need to manage a range of currencies? With anywhere, anytime online access and a network of ASB branches across New Zealand, we can help you to get the timing right to exchange your money.

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Great reasons to choose us

  • Transfer money easily between your ASB transaction and savings accounts and ASB Foreign Currency Account with FastNet Classic internet banking and the ASB Mobile app
  • Work with different currencies easily with no-monthly fee on every ASB Foreign Currency Account
  • Exchange when you want - keep your money in your ASB Foreign Currency Account until you're ready to convert, then lock in rates upfront when you want New Zealand dollars
  • Send money overseas anytime with FastNet Classic internet banking or FastNet Business (using the optional international module)
  • Find the foreign exchange risk-management products best suited to your needs
  • Get competitive exchange rates and fees from one of New Zealand's biggest banks, including access to specialists for your personal and business foreign exchange requirements

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Need to make a payment?

International money transfers

An international money transfer is a quick and secure way to pay someone overseas from your ASB account using FastNet Classic internet banking.

How can we help manage your foreign exchange rate risk?

Foreign Currency Accounts

If you regularly make and receive overseas payments, a Foreign Currency Account can make life simpler.

It lets you hold funds in your overseas currency, and make and receive payments without converting them first. It saves you exchange rate fees, and helps you manage your costs when exchange rates change.

Topping up your account or converting funds to New Zealand dollars is as simple as making an online fund transfer using our Financial Markets Online module. We quote a rate for conversion which you can accept or decline.

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Foreign Currency Term Deposits

If you're holding foreign currency for a future requirement, depending on the currency you can park the funds in an ASB Foreign Currency term deposit. You earn interest on the funds, and usually at a higher rate than in a standard Foreign Currency Account. 

Foreign Exchange Orders

A Foreign Exchange Order (FX Order) lets you create an automated deal at an exchange rate and amount to suit you. When the rate reaches your chosen level, we automatically execute your order.

We monitor FX Orders from market opening on Monday morning NZT to Friday afternoon New York time.

Call Level

If you'd prefer to confirm your currency deal before it happens, a Call Level is right for you. You set your target exchange rate, and we monitor the markets. When the exchange rate hits your target, we confirm your order with you via phone or email before executing it.

For more information about these and other risk management products, please give the Global Markets team a call. They're here to help, Monday to Friday 8:00am–5:00pm NZT.

0800 806 280 +64 9 302 3055

Have an ASB Foreign Currency Account?

Log in to FastNet Classic internet banking or the ASB Mobile app to start transacting. 

Operating a Foreign Currency Account is easy. See our guide on managing your foreign currency.

If you need help, call the Global Markets team on 0800 806 280 or +64 9 302 3055.

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Popular foreign exchange rates

You Receive
You Send
AUD

Australian Dollar

GBP

British Pound

EUR

Euro

JPY

Japanese Yen

USD

U.S. Dollar

Exchange rates shown current as at .

See all ASB foreign exchange rates

Get started today

01. Check

Check current exchange rates. Use our calculator to find out what your money is worth in New Zealand dollars.

02. Plan

Decide on the best time for you to exchange your money into the currency you need – now or later?

03. Open

Open an ASB Foreign Currency Account in FastNet Classic internet banking.
Not with ASB yet? Check out the different accounts we have to offer.

04. Act

When you’re ready, use FastNet Classic internet banking to transfer funds into or out of your ASB Foreign Currency Account or call 0800 803 804.

Open an ASB Foreign Currency Account now

Open an ASB Foreign Currency Account online

You can open an ASB Foreign Currency Account in FastNet Classic internet banking.

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Any questions?

We'll help you with your foreign exchange query. Email us.

foreign.exchange@asb.co.nz

Call us

The Global Markets team are here to help Monday to Friday 8:00am–5:00pm NZT.

0800 806 280

Get more with ASB

Guides to get you there

ASB’s terms apply. Fees may change. Refer to asb.co.nz for other fees and charges. 

Foreign exchange Managing foreign exchange risk