How does locking an FX rate work?
12 Jun 2025
1 min read
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Locking an FX rate means entering into a forward agreement—where you fix today’s exchange rate for a future payment. This is different from a spot contract, which is usually settled within a few days. With a forward contract, you can schedule your payment for a future date—up to 6 months ahead. It helps protect your business from currency swings and gives you more control over costs and cash flow. It’s ideal for planned international expenses like payroll, supplier payments, intra-company or loan installments. Instarem enables you to access this service via our partner Corpay.
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