CURRENCY RISK MANAGEMENT / FX
Volatile exchange rates can have a significant impact on the earnings, cash flows, and profitability of your company. Effective management of foreign currency risk can help stabilize your company's performance relative to currency markets and is a source of competitive advantage.
Wachovia Currency Risk Management group can structure cost-effective currency management strategies from which you can choose to match your precise risk exposure—so you can focus more on your core business and less on currency markets.
Personal Service Makes A World of Difference
- We offer a full array of currency hedging tools to meet your particular needs, including spot, forward, options, collars, and interest rate swaps, as well as foreign currency money market accounts and CDs so you can earn interest in a foreign denomination and hold the balance for later use.
Our currency management services include:
- Trading capabilities in 80 currencies, 24-hours a day
- Daily economic market commentary
- Efficient confirmation and settlement
- A choice of reliable payment options, including wires, drafts, and foreign check collections
- Online FX offers spot, forward, and other cross-currency deals, real-time FX quotes, and is a phone-free alternative for initiation and execution of wires or drafts