Today’s exchange rate for tomorrow’s payment
Veem’s Locked Exchange Rates Feature protects small businesses against volatile exchange rates. Customers can now schedule or receive a payment up to 92 days in advance with a predetermined currency exchange rate. Plan, budget, and forecast with confidence when you lock your forex rate. Finally, big business features, built for SMBs.
Why ‘lock-in’ exchange rates?
Small and medium-sized businesses are vulnerable to fluctuating exchange rates which can increase costs.
Accurately predict future expenses by securing a currency exchange rate when you schedule payments.
Eliminate time spent calculating various exchange rates.
Manage cash flow, eliminate exchange rate volatility, and avoid costly surprises.
How does it work?
When you are scheduling a payment with Veem, select Lock Exchange Rate. The exchange rate for future payments will remain the same for up to 92 days, allowing you to confidently manage cash flow. This protects businesses against the risk of more expensive payments due to volatile exchange rates.
Never be surprised by an unexpected shift in exchange rates again.
Right now, this feature is available in the following currency pairs: EUR/USD, GBP/USD, CAD/USD, AUD/USD, HKD/USD, JPY/USD.