Budget rates
The 2011 survey indicates that 69% of companies set budget rates as part of their formal planning process for managing FX risk.This outcome is down substantially from an 85% outcome in 2009 and an 80% response rate in 2008 . Unlike previous surveys in which there was little variation in behavior about budget rate when comparing public and private as well as large and small revenue companies ,2011 saw some differences. public companies use budget rates at an 82% response rate versus only 55% for private companies. Large companies responded at an 83% rate versus a 55% rate for small companies . while these measurements changed, the customary variability characterizing how budget rate are set persisted in this survey.