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A USFirm Has a Legal Obligation to Pay €5 Million One

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Essay

A U.S.firm has a legal obligation to pay €5 million one year from now and is wondering how they can hedge the exchange risk.The spot exchange rate is €5.5/$and the forward rate is €5.6/$.The one-year U.S.interest rate is 5% and the French rate is 5.5%.What do you suggest?


Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from trade.

Consumer Surplus

The separation between what consumers envisage paying for a good or service and the amount they actually disburse.

Producer Surplus

The gap between the price that sellers are ready to take for a product or service and the actual price they get from the market.

Deadweight Loss

An economic inefficiency that arises when the balance for a product or service is either not attained or cannot be attained.

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