Foreign Exchange Hedging

The Treasurer of South Australia has issued instructions with regard to agencies managing their foreign exchange exposures. All public authorities as defined by the Public Finance and Audit Act 1987 are required to comply with the instruction, unless an exemption is obtained from the Treasurer.

SAFA provides contracts for forward foreign exchange cover, unless the prior approval of the Treasurer has been given to forward cover to be obtained through a licensed foreign exchange dealer. SAFA is also available to assist agencies assess their foreign currency exposures and implement an appropriate strategy to manage the exposure.

SAFA's Client Services team can be contacted on (08) 8226 9452