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International Finance and Conversion Rate Change Risks for University of Phoenix (UOP) MGT 448
Date Submitted: 09/10/2006 00:07:48
Category: / Science & Technology / Transportation
Length: 3 pages (808 words)
Category: / Science & Technology / Transportation
Length: 3 pages (808 words)
Week Three Individual Assignment: International Finance Paper
Currency conversion rate changes are the most obvious risk of conducting business internationally; this can happen two ways: transaction and economic risks. Transaction risks arise when a firm agrees to pay or receive an amount of foreign currency. For example, if a US company agrees to purchase goods in 12 months for 100 million yen, and the dollar depreciates against the yen over that period, it will cost more in …
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