Conclusion
This quick run-through of currency-related issues was intended to stimulate your thoughts. The arithmetic of foreign exchange is not difficult, and most of the issues which will arise have both a quantitative and a judgemental aspect. The first step is to use your management skills to decide what you need to do or what is going on. Then you apply simple numerical logic to create, compare or value the results. After this, you may need to return to your management skills to help you interpret your results or conclusions.
‘The new electronic interdependence recreates the world in the image of a global village.’
—Marshall McLuhan
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