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Market Risk Management
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The risk associated with foreign exchange rates is relevant primarily in
those businesses where income is received, or expenditure is incurred
in foreign currencies (other than HUF), or where the extent of HUFbased
income/expenditure is determined as a function of another
currency, where there are loans in foreign currencies, or dividend
payments (given or received) in another currency. If your company
is in competition with foreign products either in the domestic market
or in external markets, your business is also exposed to foreign
exchange risk, since changes in exchange rates may bar you from
price competition, or else give you unexpected edge. What is more,
if your company is affiliated to a large international corporation, the
value of your business, as well as your profitability, is also assessed
in a foreign currency.In an open economy such as Hungary’s, sooner
or later every single enterprise will find itself faced with exchange rate
risk. Because changes in exchange rates can have a significant impact
on the value and profitability of your business, the top management
must pay increased attention to the way exchange rate risk is handled
Mihály Országh - Personal Name
NONE
Market Risk Management
Management
English
2013
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