Taking the Risk Out of Foreign Currency Exchange

Managing foreign currency exchange for your international program deserves the same attention you'd give to managing the risk surrounding every other part of your event. Here's how to formulate a plan so that you don't expose your budget to the volatile foreign exchange market.

Every day more than one trillion U.S. dollars are traded in the foreign exchange market, where volatility has become the norm. From March 2001 to March 2004, the U.S. dollar weakened by 25 percent against a bas

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