CASE
Houston Marine Electronics
Foreign Exchange Valuation, International Parity Conditions, Forward FX Contracts, and Hedging FX Transaction Exposure
In early February of 2013, Stafford Johnson was looking out of his office window in Houston, contemplating the future of the Australian dollar and the recommendation he would soon make to his company's executive group. The company was Houston Marine Electronics, Inc. (HME), a producer of sonar equipment for private vessels. Johnson had been the company's Chief Financial Officer for nearly 10 years.
Background
HME was founded in 1979 by William “King” Kennedy. A veteran of the U.S. Navy, Kennedy had an extensive background in sonar technology. HME had been acquired in 2006 by Adventure and Recreation ...
Get Introduction to Foreign Exchange Rates now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
