Quote:
Originally Posted by Enoch Root
For any importer or exporter (or any business that has expenses in a different currency than revenues), you're going to have currency risk. And that currency risk is there every day, whether you change your prices or not. Simply having a USD bank account won't negate that.
As BigNumbers said, you can hedge your risk (and should), but that is complicated by timing and uncertainty of cash flows and isn't always as cut and dried as he/she suggests.
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Oh, absolutely. They have to pay utilities, property taxes, employees, etc in Canadian dollars, so that risk is ever present. I'm just saying when it comes to ease of purchasing and pricing, keeping it in one currency, despite the effect on the customer, is much easier to manage day-to-day.