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Limit Orders – Set Your Exchange Rate

With PulseFX Limit Orders, you have the ability to set your desired exchange rate in advance. Once the market reaches your specified rate, the trade is automatically executed — ensuring you secure the rate that aligns with your financial goals and business needs.

What are Limit Orders?

A foreign exchange limit order enables you to set a specific exchange rate at which you wish to buy or sell a foreign currency. Once the market reaches your target rate, the trade is automatically executed, ensuring you don’t miss out on a favorable rate.

How to Apply Limit Orders?

To place a foreign exchange limit order, simply contact your PulseFX Specialist and specify your target exchange rate. Once that rate is reached, your transaction will be executed automatically — saving you time and ensuring timely execution. This solution is ideal for businesses looking to secure a specific rate without the need for constant market monitoring.

Why Does it Matter for Your Business?

Limit Orders help protect your business from unfavorable exchange rate fluctuations. By setting your desired rate, you can manage costs more effectively and avoid unexpected losses due to market volatility.

Strategic Advantage of Limit Order

Lock in forward exchange rates ahead of time to avoid future volatility.
Automate currency transactions, saving time on manual monitoring.
Gain better control over your international payments.
Protect profit margins from sudden market shifts.
Manage foreign currency exposure with more precision.

Who Should Use Limit Orders?

CFOs

Protecting budgets and reducing the risks tied to currency fluctuations when planning for international transactions.

Founders

Setting rates ahead of time for essential supplier payments and ensuring cost predictability.

Finance Teams

Managing larger currency transactions, streamlining the payment process, and minimizing the impact of market changes.

Step-by-Step

How to Set Up Limit Orders?

Setting up a Limit Order is simple and ensures you get the exchange rate you want.

1
Step 1: Set up payment method & currencies

Submit your business info and documentation so we can verify your details and match you with a dedicated FX specialist.

2
Step 2: Define the terms

Decide on the specific currency pair, the exchange rate, and the amount you want to trade.

3
Step 3: Monitor your order

Once your Limit Order is placed, the system will monitor the market for your set conditions and execute the trade when they’re met.

4
Step 4: Receive confirmation

You'll get immediate confirmation when the trade is successfully executed, so you can proceed with your business confidently.

Ready to Secure Your Trades?

Stay ahead of currency fluctuations and set your rates with confidence.

FAQs

Find answers to your most pressing questions about our services and processes.

1. What is a Limit Order, and How Does It Work?

A Limit Order is an instruction to exchange currencies at a specific rate.. You set the price at which you are willing to buy or sell, and the order remains open until the market reaches your desired rate. Once the exchange rate hits your set price, the order is automatically filled.

2. How does a Limit Order benefit my business?

Limit Orders help manage currency risk by allowing you to lock in favorable exchange rates outside of North American market hours. This offers predictability for financial planning and protection against sudden fluctuations in the market. Your business can also benefit from increased efficiency in executing transactions without the need for constant monitoring.

3. Can I Set a Limit Order for Multiple Currencies At Once?

Yes, you can place Limit Orders for multiple currencies in a single batch. This flexibility allows you to streamline your payments and currency management, making it easier to handle diverse international transactions efficiently.

4. Can I Place Limit Orders for Both Short-term and Long-term Needs?

Yes, Limit Orders are flexible and can be used for both short-term and long-term currency needs. Whether you need to lock in a rate for an upcoming payment or protect against longer-term market shifts, Limit Orders can be tailored to meet your business’s specific requirements.