Editor's note: How the Korean won cost Tesco millions
It's was well covered in the British press, but it is worth highlighting how a volatile currency can cause misery when selling or buying a foreign business.
Records were breaking in Asia’s currency markets this summer. Indonesia’s rupiah hit a 17-year low against the dollar in September, roughly around the same time Malaysia’s ringgit plummeted against the Singaporean dollar to reach the same historical landmark.
Sign-in to access CorporateTreasurer content.
Please sign in to your subscription to unlock full access to our premium CT resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial. Click the link to get started.
Note: This free trial is a one-time offer. You are eligible for one free trial per year.
If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
