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Companies use of foreign exchange is discussed very comprehensively in this explanation.

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Foreign exchange

There are several ways in which businesses use foreign exchange. Foreign exchange balances are used to make imports. The balances with businesses ensure that the companies do not have to pay more because of foreign exchange fluctuation. Further, companies hold foreign exchange balances so that they can make purchases from different parts of the world.
Foreign exchange is used ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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