Currency Risk Management booklet for Irish SME
The Department of Business Enterprise and innovation have launched a Currency Risk Management booklet for Irish SMEs.
The guidance seeks to answer many of the questions that Irish SMEs may have when assessing and managing their exposure to foreign currency risk, set out in sections dealing with: the importance of currency risk management; how to assess currency exposure and develop a currency management strategy; practical guidance for companies that have not previously engaged in currency management; and a directory of support services and providers that are available in the market. Whilst the focus of this guidance will primarily be with respect to 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. Booklets available at www.dbei.gov.ie.