Despite the financial crisis, growth in globalization, international trade and cross-border currency flows continues. As economic growth resumes, this trend will accelerate, further enhanced by international acquisitions, divestments and reconfigurations.
In a post-recessionary environment, the growth of international trade means that increasing exposure to foreign exchange (FX) risk has to be managed against a background of an increased pressure to realize returns, at the same time as the overall risk appetite is substantially reduced. No wonder that FX risk management has become a high priority and not simply a technical issue for corporates.
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