Reply to post: Re: Even here at the bottom end it's a mess

Osborne on Leave limbo: Travel and trade stay unchanged

Nigel 11

Re: Even here at the bottom end it's a mess

Plus I'd have to find a new accountant

Why do you need an accountant to hedge? It's not hard and online brokers happily handle mere three-digit trades in major currencies. You take an order for x dollars which you you can expect to be paid in two months' time and on that basis have to buy materials costing y pounds now. You can sell some dollars equalling y pounds two months forward at a rate known today. You can also look up the relevant forward rate for the issuing of quotations. All you need is a forex broker. Two months hence your dollars arrive, a demand for those dollars by your broker becomes due, and the pounds at the agreed rate become available.

My holiday funds were hedged a few weeks ago. I rather expected this!

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