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A variety of businesses whether small or large often have to trade with other businesses and customers in many different countries. In process of trading abroad, they will frequently either sell goods and services to foreign countries for which they will receive payment (referred to exporting), or the company may buy goods and...
At the beginning of 2002, the first day of the year in fact, the euro became the only currency of twelve different members of the European Union, a move that made it second only to the United States dollar as the most used currency in the world. This decision was also the biggest change of currency in the history of the world and the...
Hedging may sound complicated but all it refers to is methods of trying to reduce your exposure to the various risks outlined in the other articles in this section. As the currency market is as volatile and unpredictable as ever, many companies and individuals are looking to hedge their currency portfolio, corporation or foreign...
Many businesses of all sizes often import items from foreign countries and as such are required to deal with many different currencies on a regular basis. However, when holding currencies it is important that they too hedge their currency exposure. Hedging may sound complicated but all it refers to is methods of trying to reduce your...