Everyday, the value of money traded on the foreign exchange markets around the world is close to three trillion United States dollars. Of that, just over USD$100 Bln is traded within Australasia on an average day, of which about 50% involves the Australian & NZ Dollar. The balance is made from global players opening and closing positions during the Australasian time zone.

With so much currency exchange occuring everyday, its no suprise that the currency market is the most liquid and volatile of all financial markets. What's more, it only stops for a short time each week, between New York closing on Friday afternoon (our Saturday morning) and Auckland opening in the early hours of Monday morning.

Its the nature of the economic world that a statement made about a financial product is only true during the moment it is spoken. Similarly, the direction of a currency will often turn an economist red in the face as an unforseen factor impacts on an earlier prediction. It is for this reason that we have a number of strategies to ensure you don't get stung by a currency moving rapidly in the wrong direction.

Such strategies can be as simple as dividing your money into smaller parcels and then buying when there is a peak; or possibly taking out forward cover so you know exactly how much currency you require; and for those who who waiting for peak rates, there is always an order on the overnight market.

Your choice of financial strategy will ultimately come down to your company policies and/or your personality. Either way, we can tailor a strategy to suit your situation and ensure we get the best rates for you.