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Corporate America’s multi-billion dollar currency problem

Posted on 05 December 2012

How’s this for a statistic: currency fluctuations resulted in $22.7 billion in aggregate losses during the third quarter for some of the biggest U.S.-based multinationals.
That’s the word from FiREapps, a provider of software that helps corporations manage their foreign currency exposure. Wolfgang Koester, the firm’s founder and chief executive says that while more and more corporate leaders are becoming cognizant of currency impacts, they remain myopic when it comes to considering just which currencies they need to worry about………………………………………..Full Article: Source


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