Doing business when money is volatile: exporters and importers must use efficient hedging systems when the exchange market is unstable
Article Abstract:
Major Australian corporations fare better in the import and export trade when foreign exchange is unsteady because they make financial swaps through asset allocation in different countries. Small and medium-size companies need to hedge to protect global profits as well, but must employ a different strategy since they cannot maintain large overseas hedging programs. These companies need to gage the value of the Australian dollar against the US dollar and then adopt the best plan. This can involve closing out hedging contracts and start with new currency rate levels, or roll the contracts forward to defer costs and use spot markets for better deals.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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Westpac lifts Hartley Poynton
Article Abstract:
Westpac Broking will become the largest single customer of technology services provider JDV following its purchase of 25% of HP JDV for A$30 million. This deal will secure the future of stockbroker Hartley Poynton, based in Perth, Australia. HP JDV Managing Director Time Moore indicates that the firm is now considering developing its outsourcing activities beyond stockbroking.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2001
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