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Currency risk management for Irish SMEs
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Ireland. Department of Business, Enterprise and Innovation, 'Currency risk management for Irish SMEs', [other], Department of Business, Enterprise and Innovation, 2019-09-27
Abstract
Description
Why should Irish SMEs actively manage their currency exposures?
With the UK scheduled to leave the European Union on
31 October 2019, continued uncertainty on the prospects for a Brexit deal is causing volatility on currency markets, particularly with the euro/sterling exchange rate. Weak sterling is a major concern for Irish exporters to the UK.
Since the Brexit vote, the value of sterling has depreciated approximately 13% against the euro and is expected to remain volatile as political and economic uncertainties continue. Similar levels of volatility have been observed in the euro/US dollar rate.
Date
2019-09-27
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Publisher
Department of Business, Enterprise and Innovation