FX Limit, Stop Loss & One Cancels Other Orders

Our online international payments platform offers you the flexibility to enter a variety of order types, including FX Limit, Stop Loss and One Cancels Other Orders.

FX Orders For Businesses At A Glance

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.

FX limit orders trigger when exchange rates reach your specified target

FX Limit Orders

These orders trigger when exchange rates reach your specified target

Stop loss orders are triggered when the Stop Loss rate is reached (to protect against loss from market movements)

Stop Loss Orders

These are triggered when the Stop Loss rate is reached (to protect against loss from market movements)

A combination of FX Limit Orders and Stop Loss that sees you benefit from positive market movements and be protected from adverse ones

One Cancels Other Orders

A combination of FX Limit Orders and Stop Loss that sees you benefit from positive market movements and be protected from adverse ones

Advantages For Businesses

FX Limit Orders

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.

Illustration showing fulfilled FX orders.
Stop Loss Order

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.

Illustration showing fulfilled Stop Loss orders.
One Cancels Other Order – FX Limit

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.

Illustration showing one cancels other orders: FX limit order fulfilled.
One Cancels Other Order – Stop Loss

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.

Illustration showing one cancels other orders: stop loss order fulfilled.

Membership Rewards® Program

  • 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.

Tailored International Payment Solutions

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.

Make International Payments

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