Pricing goods and services in the currency your customers use can boost your competitiveness in global markets.
By paying in the local currency, you can often earn a discount and extend payment terms, while mitigating risks.
If you operate globally but don’t need in-country banking services overseas, consider opening a foreign currency account with a U.S.-based bank.
Awareness of these potential issues can help companies pursuing global expansion strategies minimize the risk within global supply chains.