BofA Extends Guaranteed FX Rates Up to 1-Year

"When FX risk is managed appropriately and efficiently, it can bring enormous value to companies that process large volumes of cross-border payments," said Bhupen Velani, head of Transactional FX Trading in Global Markets at Bank of America. "As our clients' business models have evolved, these volumes have increased, and so too has the appeal to lock in FX rates with longer tenors." In recent years, the volume and value of cross-border payments has continued to dramatically increase with much of the volume ...