Background Note | HBS Case Collection | 1992 (Revised from original 1987 version)

Note on Operating Exposure to Exchange-Rate Changes

by Timothy A. Luehrman

Abstract

Describes the effects on operating cash flows of a real change in exchange rates. Describes different elements of operating exposure and includes illustrative examples.

Keywords: Currency Exchange Rate; Fluctuation;

Citation:

Luehrman, Timothy A. "Note on Operating Exposure to Exchange-Rate Changes." Harvard Business School Background Note 288-018, November 1992. (Revised from original September 1987 version.)