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The purpose of long-term foreign exchange management is not to cover a given foreign exchange exposure by dealings on the forward markets, but to minimize and, if possible, eliminate such exposures before they become critical and therefore costly to cover. (Source: Havard Business Review - March/April 1977)
Comment on the above statement and suggest what actions the financial manager should take in both the long and short term in order to reduce risks from foreign currency transactions.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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