The best practice for facing currency risk is to have a well thought-out currency management strategy and plan for both long-run movements and short-run movements.

Question

Quizplus · Accepted Answer

Having a well thought-out currency management strategy and plan is considered to be the best practice for facing currency risk. This strategy should account for both long-run and short-run movements in currency exchange rates. Having a currency management strategy and plan is the best approach to dealing with currency risk. This strategy should account for both long-term and short-term movements in currency values to effectively manage risk.

The Best Practice for Facing Currency Risk Is to Have