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Exchange rate and budget

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I'm sure that I'm over-simplifying this, but it seems that a company could simply use the average historical exchange rate between the two currencies for the purposes of budgeting....couldn't they?

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For budgeting purposes, although it could be a good benchmark for forecasting the exchange rate, one should also observe the ongoing trend in the exchange rates.

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For budgeting purposes, although it could be a good benchmark for forecasting the exchange rate, one should ...

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Sheetal Jain, PGDM
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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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