07:12 AM EDT, 10/21/2024 (MT Newswires) -- Bank of America ( BAC ) said Monday it now offers guaranteed FX rates of up to one year to mitigate foreign exchange risks related to cross-currency payments and receipts.

Bank of America ( BAC ) said the one-year tenor is available in 37 currency pairs.

Guaranteed FX Rates, available through the CashPro platform and Swift, supports over 200 currency pairings across multiple tenors, with the "most notable volumes" observed in USDMXN, EURUSD, USDCAD, GBPUSD, EURCZK, AUDUSD, the bank said.

Price: 42.24, Change: -0.08, Percent Change: -0.19