Full Text

transaction exposure

John O'Connell


Subject Business and Management » International Management


Extract

This exposure arises when a business enters into transactions in which foreign currency payments are expected to be made to the business in the future or in which foreign currency payments are to be made by the business in the future. As time passes currency values may change. If foreign currency values fall, the business will be paid in the lower value currency. If foreign currency values increase, the company will have to use more of its domestic currency to purchase foreign currency with which to pay future debt. See also exchange exposures ( 1992 ). Multinational Business Finance , 6th edn. Reading, MA : Addison‐Wesley . ( 1994 ). Foreign Exchange Management . Morristown, NJ : Financial Executives Research Foundation . ... log in or subscribe to read full text

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The Blackwell Encyclopedia of Management



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