Apart from China, Malaysia, and Hong Kong, the rest of the Asian currencies
do have some degrees of flexibility against the U.
And although most developed currencies
aren't as volatile now as in the 1980s, they certainly aren't stable.
collapse when a country tries to maintain a fixed currency.
Businesses will save money; the costs of changing currencies
from country to country will be sharply reduced.
It's also convenient to have an accounting software package that handles business forms and prints checks in different styles, currencies
Unless one is engaged in competitive depreciation, there is little reason to keep a country's intervention plans secret from the governments responsible for the other major currencies
at present may have been reluctant to do so before because of the complexities of dealing in multiple currencies
It is a so expected that, during 1998, exchange rates between the eligible currencies
and the euro will be permanently fixed.
dollar, while other regional currencies
have been battered after being released to trade freely on foreign exchange markets.
Under the mandatory requirement, a three-year inflation rate of less than 100 percent can easily cause taxpayers operating in countries with highly volatile foreign currencies
to bounce between hyperinflationary and non-hyperinflationary status.
The EITF consensus was hedge accounting may be used if the intercompany transactions are denominated in different functional currencies
and if the hedging instrument has certain characteristics.
One of the world's largest currency managers, SSgA today manages more than CAD$83 billion in global currency portfolios (as of September 30, 2005) in all major base currencies