When you conduct business internationally, even small changes in foreign currency values can have a big impact on your bottom line. It pays to be educated on managing the risks involved.
The most common cause of foreign exchange (FX) risk arises from making overseas payments for your imports that are priced in a foreign currency1 and receiving foreign currency as payment for your exports. Exposure to foreign exchange risk can also arise from:
Failing to protect against movements in FX rates effectively means buying or selling without having agreed to a price in dollars. FX protection is an essential service for:
The FX specialists on our Global Markets team will work with you to develop a four point plan to help minimize your foreign exchange risk and protect your profitability.
To see the four point plan in more detail and how it could work for you, download our guide: Identify and Manage FX Risk (PDF)
Call our dedicated Business Banking Customer Service2 at 877.472.2249 (TTY/TTD: 800.898.5999), or contact your local Relationship Manager for more information.
United States persons (including entities) may be subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons and entities should consult a tax advisor for more information.
1 Subject to U.S. sanction regulations.
2 Customer service hours of operation are 6:00AM ET to 12:00AM ET.
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