- The recent strength in the US dollar (USD) has resulted in a material financial windfall for suppliers outside the US accepting USD payments.
- US-based companies making USD payments have an opportunity to ask foreign suppliers to reduce USD prices and share in their improved economics.
- Looking ahead, switching to foreign currency payments may be a more sustainable and cost-effective strategy.
If you'd like to discuss your specific situation or for information regarding SVB’s global payments and FX services reach out to your SVB FX contact or GroupFXRiskAdvisory@svb.com.
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