Question

Bartunek Co. is a U.S.-based MNC that has European subsidiaries and wants to hedge its translation...

Bartunek Co. is a U.S.-based MNC that has European subsidiaries and wants to hedge its translation exposure to fluctuations in the euro’s value. Explain some limitations when it hedges translation exposure.

Homework Answers

Answer #1

The following are the limitations of translation exposure, when the company use hedging methods.

  • When there is an estimation mistake in the hedging of translation exposure, it will lead to increase of risk of transaction expossure
  • one of the hedging method is forward contract, But this forward contract is not available in all currencies it is limitation. but as far as Bartunek Company is concerned, euro forward contracts are available.
  • Since Bartunek Company needsto forcast the earnings of the  European subsidiaries, there may be chances of making wrong forcast, which leads to a unfavourable result from the hedging mothod.
  • since the translation losses are only nothional losses, and is arising as a result of translating of financial statements of reporting entities, there is no question regarding the tax deductibility.
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