Lock an FX rate for a future payment

Locking an FX rate lets you secure today’s exchange rate for a payment you plan to make on a future date.

What does rate locking do?

When you lock a rate, Nordpay records the agreed exchange rate for that payment. On the scheduled payment date, Nordpay uses that locked rate — not the live market rate at the time. No deposit is required to hold the lock; the funds only move on the payment date.

Where: Nordpay → payment overview

1. Open the payment for the foreign-currency invoice.
2. Check that a future payment date is set.
3. Click Verify to display the current exchange rate for the payment.
4. Confirm the rate to lock it in.
5. Approve the payment as normal — it moves to Scheduled status.

The locked rate is shown on the payment until execution.

Caution

Rate locking is only available for future-dated payments. Payments approved for today’s date use the live rate at execution.

Related: How international payments and FX savings work in Nordpay · Set up a currency account in Nordpay