
Weak dollar hurts Toyota
The yen's rise to an average of ¥119 per dollar over the first quarter of 2003, from an average of ¥127 to the dollar over the same period in 2002, lost the firm around ¥50 billion from the reduced comparative value of profits made abroad, a company spokesperson in Tokyo told FX Week.
However, this loss was softened by an exchange profit of 20 billion on yen/euro, caused by the yen's descent to an average of 135 per euro in the three months ending June 30 this year from an average of 117 per
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com