Currency Risk Management Practices of Canadian Firms – Research Report

Currency Risk Management Practices of Canadian Firms – Research Report

Fluctuating exchange rates is a problem for trade-engaged businesses because it can result in unpredictable profit margins, says the results of EDC’s Research Panel survey conducted in June.

Three out of four respondents said they would accept lower profits to minimize risk. Most firms that manage foreign exchange risk are doing so to protect profit margins on export sales.

In fact, 85% said protecting profit margins was their primary objective; followed by increasing the predictability of profits which was a key objective for 55% of respondents.

Currency Risk Management Practices of Canadian Firms – Research Report
Categories Economic Reports

Comments are closed.

Related Posts