You're negotiating contracts with overseas suppliers. How do you protect yourself from currency fluctuations?
When dealing with overseas suppliers, protecting yourself from currency fluctuations is crucial. Here's how to shield your business:
- Use forward contracts to lock in exchange rates for future transactions.
- Diversify currency exposure by invoicing in different currencies.
- Regularly review and adjust your currency strategies based on market trends.
How do you manage the risks of currency fluctuations in your business dealings?
You're negotiating contracts with overseas suppliers. How do you protect yourself from currency fluctuations?
When dealing with overseas suppliers, protecting yourself from currency fluctuations is crucial. Here's how to shield your business:
- Use forward contracts to lock in exchange rates for future transactions.
- Diversify currency exposure by invoicing in different currencies.
- Regularly review and adjust your currency strategies based on market trends.
How do you manage the risks of currency fluctuations in your business dealings?