FX Options

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

Ideal for a volatile market:

  • 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.

What is an Option?

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. 

Features

-        Bought options only (you cannot sell options to OzForex)

-        Fixed expiry date

-        Face value AUD50,000 equivalent to AUD1m equivalent

-        Currencies available:  AUD, CAD, EUR, GBP, JPY, NZD, USD

-        Exclusive to Australian based clients

Please note 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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Currency Converter

Rate: 0.9696
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Rate: 1.0313
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Indicative Rates OnlyThe rates we display on the Currency Converter are neither "buy" or "sell" rates. They show mid-market rates without allowing for spreads or handling fees, and should be used for indicative purposes only. Check our Customer Rates to see the rates we offer to customers. Please read terms of use Go
See My FX Dashboard for more info

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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 makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.
DISCLAIMER: OzForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this web site. Read full disclaimer.
OzForex 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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