What is meant by the term foreign exchange risk and explain and illustrate those strategies that are available to a multi-national enterprise to deal with such risk.
Date Submitted: 09/09/2006 23:43:50
Category: / Business & Economy / International
Length: 8 pages (2295 words)
Category: / Business & Economy / International
Length: 8 pages (2295 words)
In this paper I intend to introduce the relevant options available to a multi-national enterprise when dealing with foreign exchange risk. I am going to use Toyota Motor Corporation throughout as an example. Toyota is the world's third largest automaker. It was established in Japan on August 28th 1937 and apart from its 12 plants in Japan, has 54 manufacturing companies in 27 countries, employs 246,700 people and markets vehicles in more than 160 countries. (Toyota website, 2004) Toyota is exposed to …
Is this Essay helpful? Join now to read this particular paper
and access over 480,000 just like this GET BETTER GRADES
and access over 480,000 just like this GET BETTER GRADES
…over all of the proceedings so as to ensure continuity across the company.
Bibliography
Appleyard, D,R. & Field, A,J. (2001) International Economics, New York, McGraw-Hill Companies
Buckley, P. & Casson, M. (1992) Multinational Enterprises in the World Economy,
Giddy, I,H. (2001) The Management of Foreign Exchange Risk, New York, NYU Press
Hill, C,W,L. (2000) International Business: Competiting in the Global Marketplace, New York, McGraw-Hill Companies
Pilbeam, K. (1992) International Finance, Basingstoke, Macmillan Education
Need a custom written paper? Let our professional writers save your time.