Reach provides two FX solutions:

Standard FX	Guaranteed FX
This widely used solution in the payments industry allows merchants to process transactions in local currencies while assuming the risk of currency fluctuations.	This is a custom solution designed for merchants involved in cross-border sales, where Reach absorbs the risk of currency fluctuations.

In summary, Standard FX offers flexibility and control for experienced merchants at the cost of currency risk. At the same time, Guaranteed FX provides stability and simplicity for those who prefer to eliminate that risk. Work with your Reach representative to determine which is best for your store's needs.

Risk management

Standard FX: Merchants take on the risk of currency rate fluctuations. They may face potential losses if the exchange rate changes unfavorably between the time of the transaction and settlement.
Guaranteed FX: Reach takes on the risk of currency fluctuations within a guaranteed rate period, ensuring merchants have a consistent exchange rate and protecting them from market variability.

Exchange rates

Standard FX: Merchants receive competitive industry-standard rates, which may vary during transaction processing.
Guaranteed FX: Merchants receive a guaranteed rate for the transaction, which is fixed from purchase to settlement, even if market rates change.

Pricing control

Standard FX: Merchants have control over their pricing strategy and can configure markups to cover potential risks from currency fluctuations.
Guaranteed FX: Merchants can also set their pricing with less concern about currency risks since Reach guarantees the exchange rate.

Reporting and reconciliation

Standard FX: Offers granular reporting suitable for sophisticated accounting teams, which can help with cash flow forecasting.
Guaranteed FX: Provides simpler reconciliation and reporting. Fixed FX rates are maintained through returns and regular settlement, easing the administrative burden on merchants.

Duration of risk absorption

Standard FX: Merchants may be exposed to currency fluctuation risks leading up to the time of settlement.
Guaranteed FX: Reach guarantees the fixed rate at the time of the transaction and maintains protection for refunds or exchanges for 30 days post-purchase.

Use cases

Standard FX: Best suited for merchants with experience managing FX risks who prefer complete control over their pricing.
Guaranteed FX: Ideal for merchants who want to expand into new markets with minimal currency risk and greater predictability.