Foreign Exchange Risk and International Business Finance Essay
The first things come to the mind when we read the word foreign exchange is, it must be related to international business. And in a way it is true. When companies or individuals get themselves into such activity that involves cash flow in different currencies, the value relationship between those currencies becomes important. This relation is known as foreign exchange rate. The purchase and financing of assets m another currency A classic example (mentioned m both Smithson (1998) and Campbell […]