Currency Hedging Protects Wineries
Currency Hedging Protects Wineries
May 5, 2010 6
Vancouver, B.C. -- Wineries hoping to make their flagging dollars go further are joining a growing number of firms that practice hedging to make volatile foreign exchange markets work for them.Hedging reduces risk for wineries by reducing exposure to fluctuations in exchange rates, either through acquiring a currency at favorable rates for use in future transactions, or through contract arrangements that reduce potential losses.
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