Non-exporters still have exposure to currencies
Problem: A European manufacturing company was discussing funding for an investment in additional facilities in its European base. As part of the discussion, the ABN Amro foreign exchange derivatives team spent time with the company to understand its forex-related position. Though the company predominantly sold to other manufacturers in Europe, denominated in euros, the FX team discovered significant potential exchange rate risks.
First, one of its prime competitors was based in Korea, and was
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