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Issue No. 42 - August/September 2008

Get a forex advantage

Ian Ledgerton, the State Sales Manager International Payments for American Express, says SA exporters worried about the dollar’s appreciation should look to forward exchange contracts to offset their risks.

Ian says price-sensitive exporters are finding themselves suddenly uncompetitive.

For instance, a winemaker selling to Tesco supermarket chain in the UK might charge $A50 a case. Ian says the wine industry traditionally invoices in Australian dollars leaving the overseas buye...

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