Core Principles for Managing Currency Risk
1) Determine the type of currency risk to which the corporation is exposed
2) Establish a strategie currency risk management policy
3) Create a mission statement for Treasury
4) Detail currency hedging approach
5) Centralizing Treasury Operations as a single centre of excellence
6) Adopt uniforms standards for accounting for currency risk
7) Have in-house modeling and forecasting capacity
8) Create a risk oversight committee