If you have suppliers or customers in Germany, your business cash flow is undoubtedly dependent on keeping your profit margins predictable. A Euro purchase order or invoice payment with just a few cents in currency exchange rate fluctuations can affect the transaction by thousands of dollars.

Do the math: If you purchase a shipment of German auto parts for your business worth 50,000 Euros, a currency fluctuation of just 3 cents in the Euro exchange rate could result in a $1,500 loss or gain depending on how the currency moves.

What is the best way to send money to Germany?

The best way to send money to Germany is the quickest method with the fewest transaction charges. When dealing with German suppliers, it is easier to pay them in Euros. Paying your European supplier in Canadian dollars or U.S dollars requires currency conversions with foreign currency conversion charges adding unnecessary costs to your overseas purchase

Dealing in Euros gets the funds to your overseas suppliers more quickly by simplifying the transaction and reducing the chances of accounting errors that can accompany invoices requiring adjustments due to currency exchange fluctuations.