How the futures averaging mechanism works

Each day the futures price is quoted in Australian dollars. 

We take the average of all the daily futures prices throughout your chosen Averaging Period. 

If the futures price is below your futures floor, the Futures Floor Price will be used in the calculation of the average. If the futures price is above the futures floor, this higher price is used in the calculation of the average. 

The averaging mechanism gives you the peace of mind that you aren’t missing an opportunity, but it also means that you’re not going to get the full effect on any upward price move.

Figures and amounts used in examples and charts are not representations of past, present or future performance or market conditions. Past performance is not a reliable indicator of future performance.