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Why should my business consider locking FX rates? 

Send money Lock your FX rate

Locking FX rates lets your business fix today’s forward exchange rate for a future international payment—up to 6 months in advance. This gives you cost certainty, shields your profit margins from currency fluctuations, and gives you more control over costs when making recurring international payments like payroll, supplier payments, intra-company or loan installments. 

This kind of forward foreign exchange strategy is especially useful for businesses that value predictability in cash flow. 

Related FAQs

Who do I contact for help while signing up with Corpay? Can I book FX rates directly from my Instarem business account?  How can I lock FX rates?  What is the maximum duration I can lock an exchange rate for?  How does a forward contract work? What’s the difference between FX hedging and forward contracts?

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