Second wave of COVID, political uncertainty, markets volatility, foreign exchange risk
Actions to be taken
With the second wave of COVID-19 raging, confinement measures resuming and uncertainty around the global economic recovery, we can anticipate that trading ranges, as reflected by the extent of risk, will be higher than their historical averages.
This article follows the publication Coronavirus and currency risk. What to do? It presents you with measures to better control your profitability in a volatile exchange rate context.
These measures reduce the vulnerability of your business model to short-term exchange rate trends and, in the long term, smooth their impacts. However, the flexibility of your operations is maintained in order to commercially capitalize on favourable currency movements.