The problem of how to best manage foreign exchange volatility has plagued multinational companies for decades, and is usually cited as one of the top concerns amongst Treasurers. Rapidly changing business models make life especially difficult for those who are tasked with managing a company's foreign exchange risk, and many pitfalls await those who are ill-prepared.
This paper provides a "Top 10" list of some of the most common-and costly-mistakes multinational companies make when trying to manage their FX risk. The paper describes the issues in detail and provides "best practice" approaches to help avoid making these mistakes, creating a world class FX organization in the process.
These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.