Renegotiating US Dollar-Denominated Contracts
The recent US dollar strength has resulted in material gains for foreign suppliers receiving US dollars, and by renegotiating price cuts, both sides can benefit. In the future, switching to local currency payments may be a better option to manage risks and optimize opportunities.
Communicating clearly, showing transparency and finding win-win solutions are key strategies to improve both earnings and business relationships. This white paper identifies an opportunity for US-based companies to improve the economics of US dollar-denominated contracts.
Want to learn more?
Take a deeper dive with our white paper—or talk with a First Citizens foreign exchange representative to learn more about the best options for your company.