Tài chính doanh nghiệp - Chapter nine: Foreign exchange markets

Today’s U.S.-based companies operate globally Events and movements in foreign financial markets can affect the profitability and performance of U.S. firms Foreign trade is possible because of the ease with which foreign currencies can be exchanged U.S. imported $2.9 trillion worth of goods in 2007 U.S. exported $2.2 trillion worth of goods in 2007 Internationally active firms often seek to hedge their foreign currency exposure