The opportunity to trade overseas is appealing to many businesses as they look for growth in new markets and acquire goods and services internationally. However, with this brings
variatons in currencies and exchange rate movements which can impact business profits, cash flows, asset values and a competitive position. The recent, well-documented, volatility in the foreign exchange markets is a timely reminder, if it were necessary, of the need for those trading overseas to have a viable strategy in managing foreign exchange exposure.
Exchange rate movements will always be unpredictable and the underlying risks have not changed: it is just the situation that is new. This Industry Insight will review the approaches available to ensure the most effective strategy is chosen for managing foreign currency risk and the mechanisms available to support the decision.
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