Why should my business consider locking FX rates?
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? Can I use my Instarem business account for transfers originating outside the country in which it is registered? Which countries can I transfer money to using Instarem? At what rate will Instarem transfer my money? How much does it cost to send money with Instarem? How long does it take Instarem to process my transaction? When can I start making a transaction with Instarem?Didn’t find what you were looking for?
Have a Personal Instarem account?
- Log in to your account on the Instarem app or web.
- Go to your Profile section.
- Tap on Help.
- Search for the relevant topic.
- Raise a ticket or chat with us if you didn’t find what you were looking for.
Have a Business Instarem account?
- Log into your account on the Instarem business portal.
- Tap on Help.
- Search for the relevant topic.
- You can raise a ticket by:
- Clicking Submit a request at the top-right corner of the Help Centre page, or
- Clicking Raise a ticket after selecting a topic or FAQ.
- We’ll get back to you once your request is submitted.
