Comments on: International Business Planning

By: suwon

suwon — Fri, 13 Aug 2010 06:30:38 +0000

Please help me.
I am unable to understand which currency is economically cheap for our company. I work in a Korean company which pays a lot of money to an Indian company for the services rendered to it by the Indian company. The Korean Company has an option to either pay in US dollar or in Indian rupee. I have data of average monthly rate of dollar and average monthly rate of rupee for last ten years. Can anyone please tell me how I can convince my boss which currency is good for Korean company. I checked the exchange rate and found out that the Korean won fluctuates more than Indian rupee does against dollar. Is there any statistical or financial technique to find out which currency is favorable?

Thanks in advance.
Hope someone explains it to me.

By: Pankaj Trivedi

Pankaj Trivedi — Tue, 13 Apr 2010 14:57:23 +0000

Nice explanation that can be very well understood even by a layman.

Pankaj

By: kim beckley

kim beckley — Wed, 27 Jan 2010 07:15:05 +0000

Hi There,

I found your statement very useful, but would be nice if you could elaborate more on advantages and disadvantages of choosing weak or strong currency.

Thanks

By: Juan

Juan — Tue, 29 Sep 2009 19:25:29 +0000

Nice approach to the problem! I am from Buenos Aires and actually I am doing my first Business Plan for a start up project. Your post´s and BP examples are very useful to me.