International Banking · June 02, 2025

Advantages of integrating FX budget rates into the global FP&A process

Foreign exchange, or FX, budget rates are the starting point of FX risk management. Incorporating them into financial planning can significantly enhance the accuracy and credibility of global business forecasts, improve internal and external communication of risks, and help establish sensible and effective frameworks for risk mitigation.

By aligning internal FX rate-setting methodologies with risk management strategies, institutions can foster more informed decision-making when expanding overseas. Read our report to learn more.

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.

Get the White Paper (PDF) , Opens in a new tab

Insights
Financial insights for your business

International Banking

Controlling global operating expenses

Navigate the nuances of global operating expenses with our FX risk advisory briefing on the state currency option prices and cycles.
Unlike forward contracts, options can offer protection from rising foreign operating expenses due to unexpected currency shifts while allowing companies to benefit if currency prices improve.
International Banking

Why your company should ask foreign suppliers to renegotiate prices

The recent strength of the US dollar makes now a good time to ask foreign suppliers to reduce US dollar prices.
Looking ahead to 2025, there is scope for US-based companies making USD payments to proactively reach out to suppliers and ask to share in their improved economics.
International Banking

How to manage currency risk across cross-border M&A

Before closing your merger or acquisition, consider the risks that may impact deal viability, probability of close and ultimate profitability.
The landscape for cross-border mergers and acquisitions is complex and ever-evolving. Understanding key foreign exchange and liquidity considerations may prove to be not just advantageous but imperative to deal success and profitability.

First-Citizens Bank & Trust Company is not licensed to undertake banking business in any country outside the United States or to undertake any other regulated activity in any country outside the United States.

Foreign exchange transactions can be highly risky, and losses may occur in short periods of time if there is an adverse movement of exchange rates. Exchange rates can be highly volatile and are impacted by numerous economic, political and social factors as well as supply and demand and governmental intervention, control and adjustments. Investments in financial instruments carry significant risk, including the possible loss of the principal amount invested. Before entering any foreign exchange transaction, you should obtain advice from your own tax, financial, legal, accounting, and other advisors and only make investment decisions on the basis of your own objectives, experience and resources. Opinions expressed are our opinions as of the date of this content only. The material is based upon information which we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such.

This material, including without limitation to the statistical information herein, is provided for informational purposes only. The material is based in part on information from third-party sources that we believe to be reliable but which has not been independently verified by us, and, as such, we do not represent the information is accurate or complete. The information should not be viewed as tax, accounting, investment, legal or other advice, nor is it to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation, offer or recommendation to acquire or dispose of any investment, or to engage in any other transaction.

This material is for informational purposes only and is not intended to be an offer, specific investment strategy, recommendation or solicitation to purchase or sell any security or insurance product, and should not be construed as legal, tax or accounting advice. Please consult with your legal or tax advisor regarding the particular facts and circumstances of your situation prior to making any financial decision. While we believe that the information presented is from reliable sources, we do not represent, warrant or guarantee that it is accurate or complete.

Third parties mentioned are not affiliated with First-Citizens Bank & Trust Company.

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

First Citizens Bank is a Member FDIC and an Equal Housing Lender icon: sys-ehl.

NMLSR ID 503941