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The benefits of dealing in local currencies as opposed to your domestic one
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What's in this white paper?
When sending payments in your currency to foreign suppliers, your currency is a foreign currency to them. They are not only subject to the costs of converting your currency by their bank, but also assuming considerable foreign exchange risk in the process.
Learn the benefits of paying international suppliers in their local currency.
In this white paper, we'll show you how to:
- Identify drawbacks to paying in your local currency
- Implement best practices for managing international payments
- Minimize costs and foreign exchange risk
- Negotiate better prices with your foreign exchange supplier
Paying international suppliers in your local currency is not the only option and, in many cases, may not be the best option.
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