Currency Risk and Management Booklet

The recent financial crisis, US elections and political uncertainty around Brexit has set a backdrop of a more competitive and unpredictable business environment, one in which firms of all sizes have recognized the importance of financial risk management as a key component of protecting their earnings, profits and working capital.
In particular, companies with exposure to foreign currencies are prioritizing and developing their hedging strategies, allowing them to respond more effectively to the challenges of this unpredictable landscape.

The guidance booklet attached will seek to answer many of the questions that Irish SMEs may have when assessing and managing their exposure to foreign currently risk, set out in sections dealing with:

      • The importance of currency risk management
      • How to assess currency exposure and develop a current y management strategy
      • Practical guidance for companies that have not previously engaged in currency management
      • A Directory of support services and providers that are available in the market

While the focus of this guidance will primarily be with respect of sterling related currency risk, the principles can equally be applied to Irish SMEs importing goods from or exporting goods to any non-euro country or market.