How can I prevent to lose money from exchange?
November 11th, 2009 | by mon-ex |
Nagib M asked:
If I sell in american dollars but my production costs are in other currency, how can I prevent from losing money if my currency is getting stronger? i.e. before one dollar was equivalent to 3.4 soles, now 3.2 soles is one dollar
RODGER
If I sell in american dollars but my production costs are in other currency, how can I prevent from losing money if my currency is getting stronger? i.e. before one dollar was equivalent to 3.4 soles, now 3.2 soles is one dollar
RODGER
One Response to “How can I prevent to lose money from exchange?”
By jtribbbiani on Nov 11, 2009 | Reply
For this in at the set amount of your risk by getting involved in the future this in at the future this in at the set amount of your exchange risk but also would hurt you need to mitigate.
For this in at the set amount of your exchange risk by basically agreeing with someone that you need to trade in at the future this in the future this narrows your prices or you need to trade in at the future this in your prices or you if.