Managing FX exposure is key to today’s international businesses. Using the various FX order types on our online platform can give you the ability to choose the FX rates that are most advantageous to your business and could help protect your business from losses due to adverse FX rate fluctuations.
Imagine the current Spot Rate for NZD/USD is 0.80. You want to make a payment of USD 100,000 but desire a better rate than 0.80. You place an order to buy USD 100,000 at 0.81 and the order is fulfilled when American Express achieves the target.
Imagine you’re concerned that the NZD/USD exchange rate may fall, so you place an order at 0.79 Stop Loss Rate. If the NZD/USD starts to fall, your order will be fulfilled at the first available price American Express can reach.
You place an FX Order at a target rate of NZD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If American Express can obtain 0.81 within the timeframe specified then the Limit Order is fulfilled and the Stop Loss is cancelled.
You place an FX Order at a target rate of NZD/USD 0.81 and a Stop Loss Order at a rate of 0.79. If the market falls below 0.79, the Stop Loss Order will be fulfilled at the first available price.
✔Receive one Membership Rewards point for every $25 NZD in foreign currency transfers you send internationally, up to a maximum of 10,000 points1 per transaction.
✔A Membership Rewards program-enrolled American Express Card is required to take advantage of this offer.
✔Points can be redeemed for travel, shopping, dining, and entertainment rewards.
We provide 24-hour customer support for foreign exchange Mon-Fri, by phone and email. Our specialist teams will ensure your order is instructed in the correct way.
For businesses with complex international payment needs, we provide tailored solutions to help you manage foreign payments, receipts, and international wire transfers so as to optimize cash flow visibility. Please contact us to discuss which integrated payment solution is right for you.
Whatever your business needs, American Express® FX International Payments is here to help make managing your international payments and your FX exposure simple, secure and rewarding.