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EURO cost
Posted on 5/19/17 at 9:49 am
Posted on 5/19/17 at 9:49 am
My company does not do a lot of transactions in Europe, but the few we do are fairly large. Does anyone know where to go to try to find some trend analysis to attempt to gauge when the best time is to pay the PO in Euros?
Looks like it jumped up from 1.10 to 1.12 over night, hoping it would drop back below 1.10, but worried it may continue the upward slope to 1.18+.
Looks like it jumped up from 1.10 to 1.12 over night, hoping it would drop back below 1.10, but worried it may continue the upward slope to 1.18+.
Posted on 5/19/17 at 10:35 am to Weekend Warrior79
Doubtful that anyone on here will be able to provide much insight on forecasting exchange rates. There are a myriad of factors that affect this and I am nowhere close to qualified to discuss forex with any sort of authority. That said, the dollar has weakened mainly due to the DC bullshite going on right now. Confidence in Trump has soured basically since the AHCA fumble, and recent events have only worsened the situation. This certainly isn't the only factor, but I would suggest that your view on how that situation plays out should contribute to your line of thinking.
Posted on 5/19/17 at 4:24 pm to Weekend Warrior79
Make a transactional hedge. You can either contact a currency hedger or get your company an account that trades currency. Buy USD/EUR swaps or options to lock in a rate. It cost money so you have to weigh it against the cost of the transaction.
Predicitng currency directions is insanely complicated. So better to just lock in a rate if you are that sensitive to price movements.
Predicitng currency directions is insanely complicated. So better to just lock in a rate if you are that sensitive to price movements.
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