Airplane flying past containers over water

Exchange at home

Pick the right currency to speed up your business abroad.

In foreign trading, it often makes sense to use the local currency. By choosing the right currency to deal in, you can gain many benefits, such as cost savings and better customer satisfaction. 

Does your company purchase products from abroad?

Your foreign suppliers may add a risk premium to their euro prices to hedge against exchange rate fluctuations. If you offer to make your purchases in their local currency, you will effectively remove their FX risk, allowing you to obtain a better price and better payment terms.

Does your company sell products abroad?

If your customers have to pay you in a currency other than their local currency, they will never be certain how much your products will actually cost. You can improve customer satisfaction and increase sales by quoting your prices and making offers in your customers’ local currencies.

Don’t let FX risks lower your margins!

In foreign trading, it often makes sense to use the local currency. Foreign exchange rate fluctuations may, however, cause unnecessary risks, because the euro value of your purchases and receivables will fluctuate with them. It is impossible to forecast exchange rates, which is why it makes sense to eliminate their effect on your profits. You can avoid unpleasant surprises caused by movements in the FX markets by locking in your purchases and receivables at a fixed exchange rate.