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Sir please clarify,contract currency is in £ and transaction is in dollar if its over hedge or under which rate do we use to covert back this amount.
It depends on whether the transaction involves paying or receiving, and on which the ‘home’ currency it!
Sir contract currency is euro home currency is euro and we r receiving in dollar and amount is under hedge,please give me the rule which u normally do. Thanks
If you are underhedged and you need to pay in dollars, then you will need to buy more dollars. So you will convert at the spot rate for buying dollars.
It means if we r overhedged we will sell dollar so spot rate for selling dollar.Is that correct?
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