Foreign Exchange for Business

Helping you manage international transactions with confidence

Switching to local currency payments isn’t just a logistical improvement—it’s a strategic move that can lead to cost savings, faster transactions and stronger international relationships. Embrace the future of cross-border payments and position your business for global success.

Benefits of foreign exchange

  • Better exchange rates: By converting currency before sending, you often secure more favorable exchange rates than your beneficiary would receive locally.
  • Reduced fees: Avoid unexpected intermediary and recipient bank charges associated with USD conversions, ensuring more money reaches your beneficiary.
  • Streamlined processing: Local currency payments bypass the complexities of international USD transfers, leading to quicker clearing and settlement.
  • Improved cash flow: Faster payments mean your beneficiaries receive funds sooner, enhancing your business relationships.
  • Predictable amounts: Eliminate uncertainties caused by fluctuating exchange rates and hidden fees, so your beneficiary knows exactly how much they’ll receive.
  • Strengthened partnerships: Demonstrating consideration for your partner’s convenience builds trust and fosters stronger business ties.
  • Regulatory alignment: Local currency transactions often align better with local regulations, reducing the risk of compliance issues or payment rejections.
  • Reduced paperwork: Minimize the administrative burden associated with cross- border USD payments, saving time and resources.
  • Eliminate supplier currency risk: Vendors often upcharge 5-10% when invoicing in USD to cover currency risk. Vendors can be willing to negotiate contract pricing if you are able to send in their preferred currency.
  • Customer-centric approach: Offering payments in local currency sets you apart from competitors, showcasing your commitment to seamless international partnerships.

Our foreign exchange solutions

At Signature Bank, we’ve simplified foreign exchange by teaming up international industry leaders known for reliable and user-friendly FX solutions. Our integrated approach means your business can easily navigate currency fluctuations, reduce transaction costs, and execute global transactions smoothly.

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Spot exchange transactions

Immediate currency exchanges at competitive rates.
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Forward contracts

Lock in favorable rates to protect against currency fluctuations.
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Currency risk management

Strategic advice and solutions help mitigate foreign exchange risk.

How it works

Your FX transactions are securely managed with robust compliance and regulatory practices, giving you peace of mind with every international payment.

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Request a quote

Contact your relationship manager to set-up a meeting to request an FX quote.
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Receive your rate

Get real-time, competitive exchange rates from our new digital banking platform.
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Execute and settle

Quickly execute your trade and seamlessly complete settlements into your preferred accounts/currency.

Contact us 

Getting started is simple! Contact us today.