As an exporter, an exchange rate can directly affect your profitability, which is why having a currency specialist at your side can be such a benefit. In this article, we’re taking a look at what impact an exchange rate might have on your bottom line as a US Exporter, and how we could help.
Market Volatility can be the Difference Between Profit or Loss
The amount you receive for the goods you export could vary significantly depending on the exchange rate. You might agree on a price for a product but find that a weakening USD means you receive less for your efforts.
How can a broker help? You can speak to our dedicated account managers about the benefits of a multi-currency account, or about using FX forward contracts as part of your currency strategy.
Remaining Competitive in a Global Marketplace
The value of the US dollar can vary and impact how attractive your goods are to overseas buyers. A stronger USD can make your goods more expensive than other suppliers, whereas a weaker USD could make you much more attractive.
How can a broker help? Speak to our team about multi-currency accounts, where your buyers could pay in their local currency. Additionally, you can ask us about hedging contracts, to help you maintain a stable price strategy for your exported goods. Our account managers can help you implement intelligent FX strategies to give you stability and eliminate the need for responsive price adjustments.
Manage Exchange Rate Risk and Create Clear Cash Flows
Cash flow unpredictability can increase when exchange rates are volatile, as you might not be able to convert your funds when you’d like.
How can a broker help? Take cash flow challenges out of the equation by planning and implementing a thought-out currency strategy. As experienced FX specialists, our account managers can help you navigate the markets. Whether it’s politics, economic data, or central banks that might impact your exchange rate, we help you plan for events both now and in the future, so your business has effective risk strategies in place.
Have questions about how a currency broker can help your business? Start a free, no-obligation conversation with us to see if we can help you. Contact our team, here.