1. Consider a Forward Contract To manage the uncertainty of exchange rates, especially with the financial volatility in Europe these days, consider using a forward contract. To do this, you work with your bank or a reputable participant in the foreign exchange (forex) market, and agree to buy a certain amount of a foreign currency at the exchange rate currently prevailing. If the rate goes up by the time you buy the currency (usually six to 12 months later), you’ve successfully ...

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