Your business is open to risks from movements in competitors' prices, raw material
prices, competitors' cost of capital, foreign exchange rates and interest rates, all of
which need to be (ideally) managed.
This section addresses the task of managing exposure to Foreign Exchange movements.
These Risk Management Guidelines are primarily an enunciation of some good and prudent
practices in exposure management. They have to be understood, and slowly internalised and
customised so that they yield positive benefits to the company over time.
It is imperative and advisable for the Apex Management to both be aware of these
practices and approve them as a policy. Once that is done, it becomes easier for the
Exposure Managers to get along efficiently with their task.
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