There are many tools and services that can help you manage the cost of international payments. One of the most common is a forward contract, which is a simple hedging instrument provided by many money transfer organisations. A forward contract enables you to fix an FX rate, giving you price certainty, instead of trying to predict market movements.If timing is not an issue, you could also create a ‘market order’. This is a payment that is triggered only when a favourable rate is reached. Similarly, if you create a ‘stop-loss order’, you set a minimum level at which you buy or sell your currency.