Exchange rate management is crucial for international trade, as currencies fluctuate.
Understand the currency risk associated with your export transactions
Explore options like forward contracts and options to hedge against adverse currency movements.
Keep an eye on currency market trends and economic indicators that affect exchange rates.
Consider currency fluctuations when setting product prices to maintain profitability.
Work with multiple currencies to spread risk in different markets.
Consult with banks for advice on managing exchange rate risk.
Utilize financial instruments, such as currency swaps, to mitigate risk.