What is Foreign Exchange (FX) Rate Booking?

Foreign Exchange (FX) Rate Booking allows you to lock in today’s exchange rate with the bank for your foreign currency transaction. This means the agreed rate will remain the same even if the market rate changes later.

Example:

A Malaysian company needs to pay USD 100,000 to a supplier in 2 weeks.
Today’s rate: 1 USD = MYR 4.50.
The company “books” this rate with the bank.
Even if the market moves to 1 USD = MYR 4.60 later, the company still pays at 4.50, saving costs.

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What is Foreign Exchange (FX) Rate Booking?

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