Currency clause
A currency clause is a term of a foreign-trade contract that ties the payment amount to the rate of a stable currency or to an agreed rate, in order to protect the parties from changes in exchange rates between the conclusion of the deal and payment.
The clause distributes currency risk between the seller and the buyer. Its wording affects the final payment amount and must be aligned with the settlement terms.
We will help you reflect settlements correctly in the contract and during clearance.
Related terms
Need help with delivery and customs clearance?Submit a request