Protecting Your Buy from Foreign Currency Exposure
Buyer Michael insists, “I’ll buy only with good-old U. S. bucks, so there is no confusion about what we’ll pay.” Michael negotiates with England’s Chris & Mandy, Ltd. for 10,000 woolen blankets at $40 each. The deal is set for delivery in six months. Michael is among those buyers who don’t want to worry about exchange rates, or get in currency translation problems.
KeywordsExchange Rate Foreign Currency Future Price Future Contract Black Market
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