Foreign Exchange Order Watch
When you are thinking of exchanging foreign currency, you want to make sure you are in position to take advantage of exchange rate movements in the fast moving market.
FX Order Watch1 gives you the opportunity to take advantage of short term and overnight foreign exchange market movements. With a call to the HSBC Markets Desk, you can set a target exchange rate to exchange your foreign currency automatically when the price you have set is met. You have the flexibility to change your target rate or cancel your order as you see fit.
Your orders are watched by our traders in Hong Kong, London and New York as markets open and close around the world, allowing you to ‘set and forget’ trades to take advantage of exchange rate movements anytime and anywhere they occur.
FX Order Watch is available exclusively through the Markets Desk if you have A$250,000 or more to trade.
Make the most of FX market movements in one place, call the Markets Desk today to place an FX order.
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Terms & Conditions
Other fees and charges may apply. See our Personal Banking Booklet (PDF, 1.50 MB). This advertisement provides general advice only and doesn't take into account your objectives, financial situation or needs. Consider the Transaction and Savings Accounts Terms (PDF, 1.10 MB) and Financial Services Guide (PDF, 906 KB) before acquiring this product, available by calling 1300 308 008, at your local branch or www.hsbc.com.au. Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL 232595.
- Minimum FX Order Watch of AUD250,000 (or foreign currency equivalent) as accepted by the bank. Funds must be available, customer must have an HSBC Foreign Currency Transaction Account or HSBC Foreign Currency Bonus Savings Account for settlement. Applies to first party transfers only. Markets Desk operates on weekdays from 9am - 5pm AEST (excluding public holidays). Orders for FX Order Watch must be placed through the Markets Desk during these times and orders will expire a maximum of 30 days from placement of order. The bank will check your order against the exchange rate the bank quotes for a standard transaction and is not obligated to check your order against the interbank market prices.