We asked those expressing greater concern to characterize how they have changed their behavior. Most 52% stated that they had increased the amount of their exposure being hedged. The next most often cited responses were to develop or revise an FX policy 37% and to extend the average maturity of their hedges 25%. A smaller percentage of companies 10% responded by decreasing the amount of exposures hedged and 5% stated that they shortened the average maturity of their hedges. Overall,these results suggest that FX risk management continues to evolve at many companies,an outcome consistent with increased international opportunities as the global economy recovers from recession and a flat world heighten competitive pressures.