International Local Currency Payments

Sponsored By Custom House, A Western Union Company

Topics:

Accounting > Revenue Management

Budgeting & Planning > Strategy

Finance & Risk Management > Hedging

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Abstract:

Minimize Your Risk when Importing - Benefit From Paying in Local Currency

Paying international suppliers in US dollars is not the only option and, in many cases, may not be the best option. The dollar is certainly the 'world's currency' and accepted globally with more trade transacted in dollars than any other single currency. However, by offering to pay in the local currency instead of dollars, US importers can relieve the foreign supplier of the risks and costs of receiving dollars and be able to negotiate a better product price as a result.

Learn more now
- Protect your business with better FX planning and forecasting
- Discover why foreign banks aren't the best alternative when it comes to foreign exchange
- Learn how to save 2-10% when negotiating prices in your supplier's local currency

DETAILS

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Released: June 23, 2009

Length: 5 pages

Format: PDF (228 kb)

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