Introduction

The currency markets have seen some wild swings in exchange rates in recent months, with the dollar experiencing a particularly choppy 2008. Markets are expected to remain volatile in 2009 - encouraging many companies to mull over making adjustments to their hedging strategies.

For most firms, simplicity appears to be the watchword. Rather than complex cost-reduction strategies, corporates are thinking first and foremost about protection, primarily through swaps and forwards. However, some are wi

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