AUD up 21%--good news or bad news?
| Position | Sponsor's Message |
Here's some food for thought. The AUD moved flora USD 0.5600 at the start of 2003 to recent highs of USD 0.6850 in early July--a 21% increase, if you were an exporter without an effective currency risk management strategy in place the rise could have been bad news for you--with a big impact on your bottom line.
Currency risk (like our example) is just one of the risks exporters face in their daily operations, Others might include credit risk or even political influences and government...
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