The order will be executed at the next dealing price available (there is no guarantee that it will be done at 95.4950). This is called a stop-loss order.
FX Risk Management
Limits are also applied in a more general way. Consider this organization chart for the FX business in a bank:
The risk and capital allocation committee decides how much capital to allocate to the FX business manager as an overall limit in FX activities. The FX business manager decides how to allocate that capital to the different lines of business within the bank. Individual line managers decide how much to allocate to each trader reporting to them. The amount allocated to a particular trader will be based on experience, track record, and expertise in their field of trading.
Sales personnel may also have trading limits but will additionally have to manage individual client counterparty foreign exchange limits.