The Foreign Exchange Rate Losses and Profits Problem of Multinational Corporations During the Post-Pandemic Period
In the global economic environment, multinational corporations are inevitably exposed to the foreign exchange rate losses and profits. Especially in this post-pandemic period, how the corporations handle with these issues caused by the foreign exchange rate fluctuation is vital to their development. Through the analysis of the current studies and the empirical cases, the importance of these problems and the main factors leading to it are concluded. Some of the risk management methods are put forward and some other traditional ways to deal with the risks have been improved so to fit in the special post-pandemic period. Research shows that companys have to adopt some flexible strategies to deal with the risks, for instance the flexible pricing strategy, enhancing the internal management, employing some unusual hedging strategy and the application of the digitalization and artificial intelligence etc. The proposals and the prospections are raised as well and the advices are mentioned in face with the volatility of the exchange rate fluctuations.
Authors
- Weibo Lin
Institutions
- Beijing Foreign Studies University (CN)
Publication Details
- Journal
- Advances in Economics Management and Political Sciences
- Published
- 2024-12-26
- DOI
- https://doi.org/10.54254/2754-1169/2024.18739
- Primary Topic
- Risk Management in Financial Firms
- Type
- article
- Field-Weighted Citation Impact
- 0.00