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BizReport : White Papers : Finance
Key Pitfalls CFOs Should Avoid in Currency Exchange Risk
Nearly 80% of small and mid-sized businesses in the U.S. export or import products, services, or supplies and therefore must deal with foreign exchange or FX risk — even if they don't realize it. Currency exchange risk can impact more than just profit margins; it can also affect:
- Accounting, tax, regulatory, analytical and capital markets domains
- Manufacturing production cycles
- Cash flow
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