Who would benefit from Fixed FX Rate?
If you’re involved in foreign trade - whether it is imports or exports - it makes sense to use your trading partner’s domestic currency whenever possible and do the exchange with Nordea. For example, a Swedish customer pays you in SEK instead of EUR, and Nordea converts them into EUR. It can give you a competitive advantage by:
- Making things easier for your trading partners
- Increasing your customer satisfaction
- Saving costs and offer better prices
However, carrying the currency risk yourself means you should protect against it.