currency fluctuations
Discussion
Hello!
I used to buy a fair number of euros every month to buy stock for my business. I only recently started doing this and the rate has always hovered around 1.40 euro for each £ in that time.
Now the rate is 1.29 and so more difficult to make profit.
What financial instruments could I use to soften any drop in the value of GBP? The way things are, I cannot tie up capital for more than 1-2 months. Obviously one solution would be to buy a lot of euro when the rate is good but unfortunately my pockets are not that deep.
I used to buy a fair number of euros every month to buy stock for my business. I only recently started doing this and the rate has always hovered around 1.40 euro for each £ in that time.
Now the rate is 1.29 and so more difficult to make profit.
What financial instruments could I use to soften any drop in the value of GBP? The way things are, I cannot tie up capital for more than 1-2 months. Obviously one solution would be to buy a lot of euro when the rate is good but unfortunately my pockets are not that deep.
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