The exchange rates displayed below are current indicative midpoint rates applicable only to the transfer of funds between currencies in the Cash Management Trust (CMT) account. To view the exchange rates that are applicable to share trading transactions that require funds to be converted to or from another currency, click here.
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| Transfer from: |
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| Indicative Cash Transfer Rates |
|
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| Transfer to |
Exchange Rate |
| NZD |
1.0000 |
| SEK |
6.3476 |
| AUD |
0.9622 |
| GBP |
0.5183 |
| EUR |
0.6054 |
| CHF |
0.6793 |
| HKD |
5.3578 |
| SGD |
0.9234 |
| USD |
0.6828 |
| CAD |
0.9158 |
| JPY |
75.08 |
| NOK |
5.8519 |
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|
|
| Currency |
Daily Balance |
Interest Rate |
| NZD |
| up to 14,999.99 | 1.25% p.a. | | 15,000.00 to 49,999.99 | 1.50% p.a. | | 50,000.00 to 199,999.99 | 2.00% p.a. | | 200,000.00+ | 2.00% p.a. |
|
| SEK |
0.00% p.a. |
| AUD |
| up to 14,999.99 | 0.50% p.a. | | 15,000.00 to 49,999.99 | 0.50% p.a. | | 50,000.00 to 199,999.99 | 1.00% p.a. | | 200,000.00+ | 1.25% p.a. |
|
| GBP |
| up to 14,999.99 | 0.25% p.a. | | 15,000.00 to 49,999.99 | 0.25% p.a. | | 50,000.00 to 199,999.99 | 0.25% p.a. | | 200,000.00+ | 0.25% p.a. |
|
| EUR |
0.00% p.a. |
| USD |
| up to 14,999.99 | 1.50% p.a. | | 15,000.00 to 49,999.99 | 1.50% p.a. | | 50,000.00 to 199,999.99 | 1.70% p.a. | | 200,000.00+ | 1.75% p.a. |
|
| SGD |
0.00% p.a. |
| CHF |
0.00% p.a. |
| HKD |
0.00% p.a. |
| CAD |
| up to 14,999.99 | 0.12% p.a. | | 15,000.00 to 49,999.99 | 0.12% p.a. | | 50,000.00 to 199,999.99 | 0.12% p.a. | | 200,000.00+ | 0.12% p.a. |
|
| JPY |
0.00% p.a. |
| NOK |
0.00% p.a. |
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FAQs
Deposit Funds
Exchange Rates and Margin Fees
Foreign exchange rate charges will be incurred on all
transactions that require funds to be converted to or from another currency. For
the purposes of conversion into or from one currency or another, the exchange
rate used by Direct Broking will be a midpoint rate with a currency conversion
margin of an amount up to 1.50% of the purchased currency amount.
The midpoint rate is derived from wholesale buy and sell rates quoted by foreign
exchange market participants and which are compiled by a supplier of financial
market data.
The exchange rate, or rates, for a particular deposit will be those applicable
at the time and date at which the deposit is made. The exchange rates displayed
above are an indication of the midpoint only and are refreshed from time to time
throughout the day.
Interest Rates
The currency interest rates set out above are annual interest rates, calculated
daily and paid monthly.
Account holders of an Cash Management Trust Account (CMT) may be paid interest
depending on
1. The overnight balance deposited in the account
2. The prevailing official and wholesale interest rates of each currency
FNZC will set interest rates. Interest rates will be guided by the official interest rate from the issuing central bank of the currency and will vary from time to time depending on market conditions.
To view the actual currency interest rate(s) applicable at that time to the On Call Currency Accounts into which they have made deposits, account holders should log on and access the Account Balances. Rates will be shown only for currencies in which deposits have been made. |
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