On Mar 25, 5:04 pm, "BuffettHa...@[EMAIL PROTECTED]
" <BuffettHa...@[EMAIL PROTECTED]
>
wrote:
> Use the number forecast by either the royal bank or bank of montreal
> for such forward looking projections. Be warned, they showed 07 at .92
> & i beleive they has oil at 60.
For my purposes, I can use that number, (with commentary.)
Got the link handy? or are you going to make me wade thru the entire
site map to find it.
Every other source I've found requires a paid subscription.
> If you are dealing with a lot of bux and want to ensure a rate of
> exchange or protection from mass deviations, forex commercial hedgers
like
> Friedberg Mercantile.
We price in CAD but invoice in USD, well under $1mil in open
receivables so the risk is modest.
I'm more concerned about jobs quoted were which we'd have to
renegotiate on receipt of a PO because the xrate moved.
Last year the xrate moved our way so we kicked ass.
> Be warned, hedging is expensive and 90% of the time currencies do not
> fluctuate that much.
Not happening. Not for what we do.
> Your danger is the USD stops being a currency of
> exchange. Don't laugh that one off.
I try not to lose sleep over that thought.
Game over, baby!
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