Thank you for your interest in exploring payments in your suppliers' local currency. We are excited to continue to stand by your side and help you better manage your currency transactions.
Here’s why you should consider it
Enjoy stable purchasing prices, as your supplier might increase their prices when the USD or the existing transaction currency weakens against their local currency.
Negotiate better pricing since suppliers will be directly calculating prices in their base currency without any buffer to cover the foreign exchange risk.
Take complete control over your foreign exchange risk. Often, your supplier won't take any FX risk management measures, leaving you and the supplier exposed to market fluctuations.
Steps to get started
Your relationship manager and our support team are available to support you every step of the way through this process.
Step 1: Start the conversation with your supplier to explore their interest in switching to local currency.
We will send you a recommended template via email to initiate the discussion with your supplier.
Step 2: Compare the prices in your suppliers' local currency vs. current prices.
Your dedicated relationship manager can help you compare prices based on FX rates.
Step 3: Make a decision based on risk vs. reward analysis
Your dedicated relationship manager can help you assess the opportunity and identify any risks, if needed.
Step 4: Send payments via Ebury in your desired currency.
With Ebury's global currency coverage and hedging capabilities, you can seamlessly transfer funds at cost-effective rates while mitigating FX risk.
Keep an eye on your inbox, as we will be reaching out soon with more details.