10 July 2025

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7 examples of how the new super tax will be calculated The revolt against Baby Boomer wealth Meg on SMSFs: Withdrawing assets ahead of the $3m super tax Are franking credits hurting Australia’s economy?Here's what should replace the $3 million super tax

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Citi’s guide to foreign exchange

Citi
3 October 2019

Manage and make money with foreign exchange

If you have an investment offshore, travel or send money to relatives abroad you will be accustomed to handling and exchanging currencies.

The price you pay for each transaction will be impacted by movements in the currency you are converting and most importantly, the provider you use to handle the transaction.

For investors, managing currency exposure within a portfolio is an important part of a wealth management plan. It can both protect and enhance returns while improving risk management.

While the foreign exchange market has its own lexicon of terminology for most people it can be navigated easily and transactions managed with a mobile device. It is the cost of the transaction that requires the most attention.

Whether you use foreign exchange while on holidays or as an investment tool it will help to become familiar with how currencies operate by understanding why currencies move up and down in value and how providers determine the rate to charge for a currency transaction. It’s easy to get the basics and this guide will expand on those subjects.

Most viewed in recent weeks

7 examples of how the new super tax will be calculated

You've no doubt heard about Division 296. These case studies show what people at various levels above the $3 million threshold might need to pay the ATO, with examples ranging from under $500 to more than $35,000.

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18 June 2025

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The $3m super tax could be put down to the Government needing money and the wealthy being easy targets. It’s deeper than that though and this looks at the factors behind the policy and why more taxes on the wealthy are coming.

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Meg on SMSFs: Withdrawing assets ahead of the $3m super tax

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18 June 2025

Here's what should replace the $3 million super tax

With Div. 296 looming, is there a smarter way to tax superannuation? This proposes a fairer, income-linked alternative that respects compounding, ensures predictability, and avoids taxing unrealised capital gains.

Tony Dillon
2 July 2025

The huge cost of super tax concessions

The current net annual cost of superannuation tax subsidies is around $40 billion, growing to more than $110 billion by 2060. These subsidies have always been bad policy, representing a waste of taxpayers' money.

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Citi’s guide to foreign exchange