Foreign Exchange

American businesses of all sizes often operate internationally as importers and/or exporters, and many simply use U.S. currency for all transactions. Using U.S. currency, instead of a local currency, however, does not eliminate currency risk.  It simply passes risk along to foreign counterparts who may charge higher prices to accommodate that risk. 

Foreign exchange solutions from First Midwest¹ can help your business execute transactions in your foreign counterparts’ local currencies. This currency exchange makes you a better business partner and may give you a competitive edge in your industry. 

Our foreign exchange solutions include: 

Payment Products 

• Wire Transfers 
• Foreign Cash Letters/Foreign Collections 
• Foreign Currency Drafts 

Currency Risk Management 

• Spot Contracts 
• Forward Contracts 
• Window-Forwards 
• Non-deliverable Forwards 
• Swap Contracts²

And if you are traveling abroad, you may place an order for foreign currency at any First Midwest branch.

Talk to one of our Foreign Exchange specialists today about gaining control of your foreign currency risk.