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What are the risks involved when dealing in foreign currency?

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What are the risks involved when dealing in foreign currency?

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A Foreign Exchange Specialist can help you manage the financial risk associated with changing currency values. Some of these risks include transaction-related charges from foreign banks, overpaying your supplier, overcharging your customers, lowering the competitiveness of your product, and undercharging your customers. Even businesses that only trade in US dollars may face opportunity risk if they have competitors dealing in foreign currency and therefore are enjoying competitive pricing advantages created by exchange rate fluctuations. We specialize in providing you the right solution to handle your international transactions. We can also help you find the most advantageous way of negotiating transactions. In fact, you may reduce your risk by dealing in foreign currency. Contact a Foreign Exchange Specialist at 1-866-819-8972 or fill out this form to have a specialist contact you.

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