Paying the dollar price
Volatility in foreign exchange rates has leapt in recent months, making a mockery of companies' budgeted forex rates. Risk looks at the effect foreign exchange volatility has had on a variety of major corporates over the past quarter. By Ryan Davidson
Companies have been forced to adapt to the dramatic weakening of the US dollar over the past year. Faced with fluctuating exchange rates, some firms have been presented with unexpected windfalls, while others have seen revenues chipped away. In some cases, soaring oil prices and the high costs of raw materials have caused a painful double whammy.
A recurring theme within company results this year has been the steady slide of the US dollar against the euro, yen and Australian dollar, among others
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