What is the maximum duration I can lock an exchange rate for?

Lock your FX rate Send money

You can lock FX rates with Corpay for up to 6 months in advance using a forward exchange agreement. It’s ideal for businesses with recurring or scheduled international payments.

Related FAQs

Why should my business consider locking FX rates? Why partner with Corpay for locking in FX rates? If I lock in a rate and a better one comes up later, can I switch? Is there a fee for locking FX rates? How does locking an FX rate work? What’s the difference between FX hedging and forward contracts? Why should my business consider locking FX rates? Why partner with Corpay for locking in FX rates? If I lock in a rate and a better one comes up later, can I switch? Is there a fee for locking FX rates? How does locking an FX rate work? What’s the difference between FX hedging and forward contracts?

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